Orange Member Letter - October 2024

For the October edition, I focus on The Coiled Spring of the Bitcoin market, and highlight the key areas of risk, and strength across derivatives, onchain and spot datasets.

Dear Founding Members,

We are extremely pleased to release the second edition of the Checkonchain Monthly Report. This is a downloadable PDF slide deck which compiles the key metrics and market events that I have my eye on each month.

For October, our report titled The Coiled Spring covers the following topics:

• Conditions as we enter the seventh month of chopsolidation.

• Key downside risk in leverage, spot, and onchain markets.

• Signals of strength aligned with a bull case.

• My summary thoughts on the current market structure.

We hope this provides a valuable, and information dense tool to improve your intuition, and read of the Bitcoin market. We also hope it can inform your future discussions with clients, friends, and colleagues, and act as a unique reference point.

The Checkonchain Monthly Bitcoin Report & Founding Member Call

You will find the downloadable PDF report for October 2024 below.

We would also like to invite all Founding Members to our upcoming monthly call, where we will run through the key topics in the Monthly Report slide deck, and then open up the floor for Q&A.

As a bonus, you are most welcome to invite 1 guest to the call, even if they are not a subscriber. Please fill out the form below to RSVP.