Eternal student.⚡BTC will change the world⚡- BSc Phys - Senior Research Associate @bitwise_europe, previously Senior Analyst for @glassnode - nfa - views my own
Looking at @dorinvesting Realised Price to Liveliness Ratio and producing the Realised Price to Liveliness Ratio Golden Multipliers.
The RPLR is a powerful ratio tracking captured network value to coin destruction levels producing an almost fair pricing metric.
The Canary in the Macro Coal Mine: Bitcoin and the Latest Risk-Off in Stocks
Bitcoin's cycle low, $ 1.8bn ETP outflows, bearish sentiment, and Bitcoin's role as a leading macro risk indicator.
Find out more in our latest report below 👇
Resilience is about how quickly you can rebound from a shock event, and begin thinking clearly about your next decision.
In our latest newsletter piece, @_Checkmatey_ examines one of the most common investor dilemmas: should you wait and try to lump-sum the bear market bottom, or is a structured DCA strategy actually the better approach? Learn about it here → newsletter.checkonchain.com/…
Bitcoin has fallen to a fresh four-month low of $61k. In this update note, we assess current valuation conditions across multiple models and outline key pricing paths to contextualise the road ahead.
Read the full report below.
Bitcoin recovered above $80k in May 2026 before stalling at the $80k–$85k bull-bear threshold and subsequently falling to $72k. ETP outflows, sovereign bond stress, and record hodling defined the month.
Read the full edition of our latest Bitcoin Macro Investor below.
Bitcoin trades below its historical MVRV mean while the NASDAQ 100's price-to-book sits near record highs - one of the widest valuation gaps on record.
Discover more in our latest Crypto Market Compass below.
Really enjoyed this pod with @pahueg, talking everything from the fourth turning world we're living through, to Bitcoin, to commodities, and we even discuss the lore of Satoshi!
Enjoy!
LNMS episode 112 with @_Checkmatey_youtu.be/40ocm9fURVk?si=pooO…
We talk about:
-Why Bitcoin may have already bottomed while most investors are still waiting for confirmation
-Why the market looks terrifying, but still refuses to break
-Why the “Bitcoin to 40K” bear case may be running out of time
-Why Bitcoin mining is a “horrendous business”, and why miners pivoting to AI may actually make sense
-Why the new Satoshi documentary is a must watch!
Fountain: tinyurl.com/ynxb48jh
Spotify: tinyurl.com/mw2vbs6y
Apple: tinyurl.com/3hnjwjuk
Rumble: tinyurl.com/2f2fm6dy
A major feature of the 2025-26 Bitcoin bear market was the scale of long-dormant supply returning to circulation.
Across 2024 and 2025, more than 1.3M BTC held for 5 years were revived onchain, representing over $110B in rotated capital.
Historically, this type of behaviour tends to cluster around major cycle transitions, as experienced holders distribute supply into strong market demand.
The chart below shows just how large that wave of revived supply became throughout the cycle.
If you want to understand how this Bitcoin bear market actually unfolded beneath the surface, download The Bitcoin Checkpoint → tinyurl.com/bitcoin-checkpoi…
I am very proud to publish the second edition of The Bitcoin Checkpoint report in partnership with @unchained.
It lays out my prevailing thesis for this bear market, how we got here, how low we may go, and what bottom formation looks like mechanically.
tinyurl.com/btc-checkpoint-2
#Bitcoin shows resilience amid macro volatility, rising inflation, and oil shocks. Improving liquidity, strong demand, and on-chain signals point to a potential market inflection.
Read the full edition of our latest Bitcoin Macro Investor below👇
🔴NEW REPORT🔴
In our latest Market Espresso, we examine Bitcoin valuation models across price, production cost, and investor positioning, combining them into a composite view of the market and its relative valuation.
Read the full report below👇
Crypto outperforms as institutional #Bitcoin demand surges, sentiment improves, and key $80k levels signal a potential shift in market dynamics.
Discover more in our latest Crypto Market Compass below👇
🔴NEW REPORT🔴
In our latest Market Espresso, we examine the relationship between corporate Bitcoin treasury accumulation and Bitcoin performance, focusing on Strategy’s balance growth and purchase announcements.
Inspired by the great work completed by @RenshuBTC, and buyilding on @_nym21_'s brilliant Bitcoin Research Kit, I have just shipped a new URPD tool.
Allows analysis of how the profile of BTC, USD and Unrealised PnL changes over time, and by cohort.
charts.checkonchain.com/btco…
Bitcoin demand surges as ETF inflows hit highs and sentiment turns bullish, even as US-Iran tensions drive volatility across global crypto markets.
Read more in our latest Crypto Market Compass report.