quoting📰 News Alert...
nevent1q…vjkf
🔖 Title: Bitcoin Could Hold $30,000 Floor Despite Institutional Unwinding, Says CryptoQuant CEO
🗓️ Published: 2026-10-18T17:00:00.000Z
📄 Summary: Bitcoin may find strong support near the $30,000 mark even if institutional investors decide to exit their positions, according to CryptoQuant CEO Ki Young Ju. This challenging scenario involves reversing approximately $58 billion in net inflows to US spot Bitcoin ETFs and the liquidation of 1.3 million BTC held by publicly traded companies. Despite such potential sell-offs, the CEO remains optimistic about Bitcoin maintaining this critical price level, highlighting the resilience in the market.
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https://cryptoslate.com/cryptoquant-ceo-sees-30000-bitcoin-floor-even-if-etfs-and-treasury-firms-exit/
🗞️ Source: CryptoSlate
💓 #Bitcoin #InstitutionalInvesting #CryptoMarket
bitcoinsandy on Nostr: Why would anyone ditch their positions in the hardest asset they have ...
Why would anyone ditch their positions in the hardest asset they have