Bitcoin Bottom Confirmed by Two Independent Analysts

Two analysts, Charles Edwards and Root, have independently concluded that the Bitcoin (BTC) bottom is in. Their signals arrived within days of each other in early September.

Edwards, founder of Capriole Investments, uses a Market Hedge Ratio to measure the USDT/BTC market cap ratio over a rolling 30 days. The reading fell to -20.42%, touching the -20.78% threshold marked on his chart. This indicates capital rotating out of stablecoins and into Bitcoin.

Edwards' chart marks roughly nine comparable signals since January 2020, most of which preceded rallies. He set an explicit invalidation: the signal holds only until the ratio flips red, and his stated horizon runs weeks rather than months.

Root, who publishes at Bitcoin Strategy, reached the same conclusion from price structure alone. His chart tracks the moment price reclaims the 200-day average, the 21-week average, and the short-term holder cost basis. The current breakout arrived about 65 days ahead of schedule compared to previous cycles.

Bitcoin trades just 0.5% above the 21-week average that validates both calls. A weekly close beneath this level would break both thesis at once. Holding $79,355 keeps them alive.