Checkmate is an on-chain analyst and founder of Checkonchain. In this episode, we get into Bitcoin’s breakout back above $100k and what on-chain data reveals about who’s buying, who’s selling, and whether retail is finally showing up. We also discuss whether the Bitcoin cycles are over, how the global macro shift is influencing hard asset flows, and why gold might be the early signal for a longer Bitcoin run. Finally, we get into the OP_RETURN war. Follow: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Checkmate: https://x.com/_Checkmatey_ THANKS TO OUR SPONSORS: IREN: https://www.iren.com/   RIVER: https://river.com/wbd  ANCHORWATCH: https://www.anchorwatch.com/ LEDGER: https://www.ledger.com/  CASA: https://casa.io/