After the four-year compass breaks
Welcome to the second edition of The Bitcoin Checkpoint, which will be our study of this bear market process, and it is proudly brought to you by the teams at Checkonchain and Unchained.
What’s in the report?
The more things change, the more they stay the same. Bitcoinʼs market structure is unquestionably more mature than it was four years ago, and yet the ‘predictableʼ four-year market cycle appears to be a self-fulfilling prophecy.
Executive Summary
Coming out of Hibernation
The Tumble
Capitulation
Welcome to Deep Value
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