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Bitcoin on Cusp of Entering Euphoria Phase As ‘Bulletproof’ Bull Market Expands, Says On-Chain Analyst

2025-08-05 12:02:09

Bitcoin on Cusp of Entering Euphoria Phase As ‘Bulletproof’ Bull Market Expands, Says On-Chain Analyst

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Bitcoin ( BTC ) is on the verge of entering ‘the euphoria phase,’ according to a popular on-chain analyst. The pseudonymous analyst known as Checkmate says in a new interview on the What Bitcoin Did podcast that a few dynamics are starting to materialize that indicate the current BTC bull run could be “bulletproof.” Says Checkmate, “We’ve got the bear market recovery, where there’s a lot of PTSD. This is really 2023. Everyone was like fearing the ghost of Sam Bankman-Fried was going to come back...

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