Alec Dejanovic

Checkmate, a Bitcoin analyst and co-founder of CheckOnChain, along with Alec Dejanovic, also a co-founder of CheckOnChain, dive into the intricacies of Bitcoin's current market dynamics. They discuss the massive sell-off by long-term holders and the absorption of that sell pressure by banks and sovereigns. Checkmate reveals that 70% of Bitcoin's cost basis sits above $85K, while the true market mean is at $82K. The conversation also touches on market psychology, historical bottom formations, and the implications of ETFs reshaping Bitcoin's landscape.