Checkonchain Bitcoin Newsletter

Checkonchain Bitcoin Newsletter

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Checkonchain Bitcoin Newsletter
Checkonchain Bitcoin Newsletter
Hitting Their Stride

Hitting Their Stride

It feels like Bitcoin is on the cusp of a major break-out higher. Not only is BTC a stones throw off fresh ATHs, but Strategy's preferred stocks just caught a massive bid, & this is a critical signal.

James Check (Checkmatey)'s avatar
James Check (Checkmatey)
Jul 04, 2025
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Checkonchain Bitcoin Newsletter
Checkonchain Bitcoin Newsletter
Hitting Their Stride
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G’day Folks,

Just look at this monthly price chart…it’s a monster.

Live Chart

No matter which way I visualise the Bitcoin market, it feels like we’re about to get moving. Sure, the future is unknowable, but I am truly struggling to paint an overly bearish picture at this stage.

The first half of today’s report will focus on the Bitcoin market, where I will try to confirm or invalidate this bullish view. I will focus mainly on the demand picture, and leverage in the derivatives markets, as that’s where any explosive action is likely to originate from.

For a few weeks now, I’ve flagged that I’m keeping a close eye on Strategy’s preferred stock prices…and this week they have exploded higher in price.

For the second half of this report, I want to explore my current thinking about this signal, and present a few ideas I am working through for how I think Saylor is likely to utilise these instruments moving forwards.

Seat belts on folks, this market is about to get very exciting.


📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.


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