Reading the Bitcoin bottom through HODL Waves

CryptoQuant believes this cycle’s bottom may form around the $65.9K–$70.5K range.

What’s interesting:

long-term holders still aren’t showing full capitulation behavior yet.

If $70.5K continues to hold,

Bitcoin may slowly build a higher-range bottom instead of a violent collapse.

Historically,

real bottoms often form when:

- weak hands are exhausted

- volatility cools down

- long-term conviction survives the fear