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Bitcoin on-chain floor near $30k?
Ki Young Ju says even if all ETF money and treasury $BTC exit, cost basis still points there. Based on realized price and past MVRV bottoms. $10k would need an MVRV lower than anything seen. 2019 buyers already survived two 75% drops.
Cost basis shows where holders are underwater. It does not stop price. Severe selling has broken these levels before.
#StrategicBTCBillHearing
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