“The reason it goes up is because you get to seller exhaustion. No one wants to sell anymore.”
Checkmate is a Bitcoin analyst and founder of Checkonchain. In this episode, he explains why Bitcoin may be entering the final stage of the bear market, even after $8.2 billion of ETF outflows, Strategy selling, the Coldcard attack and the failure of BIP110.
We discuss whether $58k marked the bottom, why a fall to $45k would inflict damage comparable to the brutal 2015 bear market, and the key levels that would signal Bitcoin is turning bullish again. We also get into the massive accumulation between $58k and $78k, why bull markets begin before the narrative arrives, whether the parabolic phase of the AI trade is over, and why money printing will eventually bring investors back to Bitcoin.
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