Leverage Gone, Tourists Flushed: Bitcoin's Beautiful Late-Cycle Reset feat. Glassnode's James Check

In this data driven episode of Bitcoin Builders, Glassnode's James Check (Checkmate on Twitter) walks through the onchain data, discussing:

  • The changing of hands from the leftover top buyers to new post-FTX bargain buyers
  • The shift away from whales towards smaller holders 
  • Why the most recent run past $30,000 has been driven by spot buying rather than leveraged trading

To join the discussion: bit.ly/breakdownpod

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