CryptoQuant and Santiment flag signs of a local Bitcoin bottom
- —CryptoQuant: past rallies began after the share of BTC older than 18 months rose, then fell
- —Santiment: non-zero BTC wallets fell by about 30,000 since Oct. 16
- —Total non-zero wallets are back near 59.95 million
- —Holding above $80,000 and reclaiming $82,500 would strengthen the local-bottom signal
Why it matters: Retail capitulation and weak crowd interest have historically preceded rallies, but a sustained break below $79,000 would invalidate the bottom scenario.
Source: Incrypted