✉news BusinessCrypto first seen 17 h ago, last 17 h ago, peak #35
CryptoQuant CEO sees $30,000 floor for Bitcoin
Original: CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
The CEO of CryptoQuant, a crypto analytics firm, says Bitcoin has a price floor of $30,000 even if institutional buyers such as exchange-traded fund investors and corporate treasury companies withdraw from the market. His argument suggests demand from longer-term holders would be enough to support prices if speculative institutional flows reversed.
Why now: Investors are assessing downside risks to Bitcoin amid questions over how much of its price depends on ETF and corporate buying
Evidence
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