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Bitcoin's on-chain floor estimated near $30,000 despite potential ETF and treasury outflows.

Technical Signals
17 Oct 2026
Tokenpost
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Neutral
Bitcoin's on-chain floor estimated near $30,000 despite potential ETF and treasury outflows.

CryptoQuant founder Ki Young Ju estimates Bitcoin's on-chain floor price to be around $30,000, even if $58 billion in ETF inflows and 1.3 million BTC held by treasury companies exit the market. This analysis uses the MVRV ratio, comparing market value to realized value, to assess Bitcoin's cost basis. Ju suggests that a drop to $10,000 would require significant panic selling from buyers dating back to 2019, which is unlikely given past market declines. This insight provides investors a potential price floor amid market volatility.

Bitcoin cost basis estimates provide context for readers following cryptocurrency markets. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 17, 2026 15:51 WIB: Of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. AAVE was priced at Rp2.805.975 with a 1-day change of -3.33% and Pluang order activity showing 67% Sell / 33% Buy. LINK traded at Rp219.735, down 2.99%, with 89% Sell / 11% Buy activity. LTC was at Rp1.065.422, down 2.93%, with 49% Sell / 51% Buy activity.

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