🟠Monthly Report: Bitcoin Cycle Situation Report
The Bitcoin bull has hit a softer demand patch, and weaker momentum, so it's the right time for a deep dive into the structural health of the bull, and the tactical opportunities a correction offers.
Note: The monthly report below is available for Checkonchain Orange members.
🟠Orange is our highest plan tier, which sits above the Paid plan on Substack.
Orange is for investors seeking the ultimate edge in the Bitcoin market, delivering you distilled, institutional-grade insights, and offering more direct and personal access to James’ thinking, analysis, and strategies as the market evolves.
To find out more about the plan and download a sample report, click below.
Dear Orange Members,
The Bitcoin market is in a very interesting spot, having just hit a fresh ATH at $124k, but immediately running into a softer patch of demand. The ETFs have cooled off, and the bid coming from Treasury Companies appears to be chilling out rapidly.
Bitcoin is trading barely 12% off the ATHs, but is starting to look heavier than usual, giving us enough reason to at least question the resilience and health of the bull, and consider the potential for more serious downside.
For August, our report is titled Bitcoin Cycle Situation Report, and covers the following topics:
Analysis of the Bitcoin market’s health through the lens of volume.
Comparison between spot, ETFs, derivatives and onchain.
Macro cyclical analysis, including the lack of excessive signals at the top.
A read on whether the bull market fails with a bang, or a wimper.
Evidence for how HODLer sell-side appears to be in-tune with market demand.
A read on whether a more severe drawdown is likely, and the depth it may reach.
Key price levels to the downside which have confluence amongst several metrics.
Assessment of ‘value’ and ‘deep value’ price levels to keep watch on.
A suite of metrics when looking for tactical opportunities during a correction.
Key orange flags which crossed my radar related to markets to Bitcoin.
You will find the report PDF, and details of our upcoming monthly conference call below.
