{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Bitcoin Frontier","title":"The new psychology of a $2T bitcoin market with James Check","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/2286d6b2\"></iframe>","width":"100%","height":180,"duration":4212,"description":"James Check (aka Checkmate) is the co-founder of Checkonchain and one of the leading voices making onchain data accessible for everyday bitcoiners. Known for his ability to turn complex charts into compelling stories, James blends his engineering background with market analysis to help people see human behavior imprinted in bitcoin’s ledger. In this episode, James joins The Bitcoin Frontier to share why realized cap is one of the most powerful adoption metrics, how to interpret profit and loss across holders, and what onchain data is saying about the current cycle. We dig into the role of ETFs and treasury companies, the impact of derivatives on market structure, and why the future of onchain analytics remains deeply human.\nSUPPORT THE PODCAST:\n → Subscribe\n → Leave a review\n → Share the show with your friends and family\n → Send us an email: podcast@unchained.com\n→ Learn more about Unchained: https://unchained.com/?utm_source=you...\n→ Book a free call with a bitcoin expert: https://unchained.com/consultation?ut...\nTIMESTAMPS:\n0:00 – Intro & why onchain data matters for bitcoin\n1:30 – Buying the 2017 top, engineering background & finding bitcoin\n4:50 – Realized cap, cost basis, and why it just crossed $1T\n7:30 – From civil engineering to onchain analysis\n10:00 – Orange pill moments, macro influences, and early metrics\n12:40 – Human behavior, fear & greed mapped onchain\n15:00 – Turning raw data into stories people understand\n18:00 – State of the market in 2025: leverage, ETFs, and demand\n22:00 – Cycles, late-stage dynamics & institutional flows\n26:00 – Rethinking market cycles: the three-cycle structure\n31:00 – Sell-side pressure, hodlers, and ETF dynamics\n35:00 – Are ETFs and treasury companies changing onchain analysis?\n40:00 – Profit, loss, and building decision frameworks for different price scenarios\n46:00 – Key support zones: 110K, 90K, and Sailor’s liquidation line\n49:00 – Derivatives, ETFs, and how flows shape volatility\n54:00 – Risks of leverage, banks...","thumbnail_url":"https://img.transistorcdn.com/WoeHujZLSYOjeE_EY1iBuQ0tTK0I8K63kAncvwN8qto/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83NTI2/Y2ZjZjFjN2NlZjI3/ZmQyZjc5ODQyMTc5/OTYxMi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}