What Bitcoin Did
What Bitcoin Did

Is The Bitcoin Bottom In? | Checkmate

February 11, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: Casual interview on the 1000th episode of the What Bitcoin Did podcast, diving deep into market analysis amid a Bitcoin crash.
  • The Key Players:
    • Guest: Checkmate (Will Clemente from Checkonchain.com), on-chain analyst famous for data-driven Bitcoin insights, newsletters, and spotting market inflection points like the "hodlers wall."
    • Host: Peter McCormack, engaging with hype and personal trades, strong chemistry built on shared Bitcoin conviction and banter about dips.
  • The Vibe: Optimistic and educational amid bearish panic—exciting urgency post-crash, blending technical breakdowns with motivational pep talks.

🗝️ Key Themes & Topics

The discussion unpacks Bitcoin's recent 50%+ drawdown from $126K ATH, using on-chain data to argue it's a deep value bottom, not bear market death. Covers sell-off mechanics, capitulation signals, and strategies for hodlers.

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What you'll learn

  • 1 (00:00) **🎙️ Introduction: Will Clemente**
  • 2 (00:42) **Bitcoin Sell-Off Causes**
  • 3 (02:07) **Key Support Levels and Mean Reversion**
  • 4 (11:03) **Four-Year Cycle Critique**
  • 5 (13:13) **Capitulation Metrics**
  • 6 (16:24) **DCA Strategy in Bear Markets**
  • 7 (18:28) **Seller Analysis**

+ Full timestamped outline available in the app

Show Notes

Checkmate is a Bitcoin analyst known for his on-chain & macro research. In this episode, he breaks down the Bitcoin crash to $60k and why it may have marked a critical inflection point. We get into on-chain data, mean reversion models, and if the bottom is in for this bear market, or we go lower.

THANKS TO OUR SPONSORS:

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FOLLOW:

Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

Checkmate: https://x.com/\_Checkmatey\_

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