_Checkonchain(@_checkonchain):The Bitcoin price has been edging higher in recent weeks, after recovering the 200-week moving average around $63k. The market did experience a weekly close below the 200WMA towards the end of of June, but has since held above it for four consecutive weeks. Attention now turns to the next key level: the Short-Term Holder cost basis at $68k, where the average recent BTC buyer returns to a state of profit. In our latest newsletter piece, @_Checkmatey_ examines why this transition has historically been an important milestone in bear market recoveries, and what the latest onchain data suggests about investor behaviour →

2026.07.21 08:59

The Bitcoin price has been edging higher in recent weeks, after recovering the 200-week moving average around $63k. The market did experience a weekly close below the 200WMA towards the end of of June, but has since held above it for four consecutive weeks. Attention now turns to the next key level: the Short-Term Holder cost basis at $68k, where the average recent BTC buyer returns to a state of profit. In our latest newsletter piece, @_Checkmatey_ examines why this transition has historically been an important milestone in bear market recoveries, and what the latest onchain data suggests about investor behaviour →