CryptoQuant HODL Waves Signal Bitcoin Cycle Bottom in $65.9K–$70.5K Range

On-chain analyst Sunny Mom at CryptoQuant is pointing to Bitcoin HODL Waves data as evidence that this cycle's bottom could form somewhere in the $65,900–$70,500 range. HODL Waves track the age distribution of unspent transaction outputs, giving analysts a window into when long-term holders are accumulating versus distributing.

The $65.9K–$70.5K band aligns with a zone where previous-cycle holders historically stopped moving coins — a pattern that in prior cycles marked the point of maximum long-term conviction before the next leg higher.

For active traders and long-term allocators alike, the read is straightforward: if price revisits that range and on-chain age bands hold their structure, the data would support treating it as a strategic accumulation window rather than a breakdown.