Ki Young Ju: Bitcoin Floor Near $30k on On-Chain Basis

Ki Young Ju pushed back on Mike McGlone's $10k Bitcoin scenario, highlighting that ETFs have accumulated $58B while treasury companies control 1.3M BTC.

Even if every dollar and coin exited, the on-chain cost basis still anchors support near $30k, and a drop to $10k would require an MVRV ratio of 0.2 against the historical worst of 0.6; 2019 buyers have already endured two 75% drawdowns without panic selling.

Price sits at $81751.55 inside the Bollinger Bands with the upper resistance at $83929.73 and lower support at $80539.77, while the EMA50 at $82739.15 and EMA200 at $82198.2 define the bearish structure above current levels; the MACD death cross at -322.96 reinforces downside momentum yet the neutral RSI at 44.79 leaves room for a test of the 50-EMA before any deeper move.