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On-Chain Temperature Check For 2026 – It’s A Bear Market

Join Sam and on-chain pioneer James Check (Checkmatey) as they decode what Bitcoin’s on-chain data is really signalling after the four-year cycle, and how to think about risk and opportunity heading into 2026.

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Here's an Overview of What Was Covered:

Bitcoin is in a fundamental bear market — even if price isn’t reflecting it yet.

On-chain data shows the market’s true temperature beyond narratives and sentiment.

Long-term holder behaviour reveals whether redistribution is finished.

Only a small set of on-chain metrics still provide clarity in this phase.

2026 is likely to reward patience, structure, and data-driven positioning.