How do bitcoin quantitative models work?

Could you elaborate on the workings of bitcoin quantitative models? I'm curious to understand how these models are constructed and how they help analyze the cryptocurrency market. Do they rely solely on historical data? Are there any other variables taken into consideration, such as social media sentiment or market trends? I'd appreciate it if you could explain in detail how these models predict bitcoin price movements and whether they have proven to be accurate in the past. Thank you for your insights into this fascinating field.