The Checkonchain team is extremely excited to launch the 2nd edition of The Bitcoin Checkpoint report, in partnership with our friends at Unchained Capital.

In this 30+ page report, we analyse Bitcoin’s 2025–26 bear market through a wide range of data-sets from spot, onchain, ETF, and derivatives markets.

Get the full report here 👉 tinyurl.com/btc-checkpo….

In the report, we assess:

- How the 2025 bull market topped, and the role of spot sell-side pressure.

- The mechanics of the drawdown, and what drove the move to $60k.

- The two major capitulation events that have shaped this bear.

- How over 2.0M BTC has rotated into a new cost basis range.

- Why models like the True Market Mean are increasingly relevant.

- Our base case thesis for where we believe this bear market bottoms out.

Get the full report here👉 tinyurl.com/btc-checkpo….