On-chain analyst James Check: BTC retail capitulation complete, $100k is the target

In a recent Cointelegraph podcast, on-chain analyst James Check argued that the Bitcoin market has bottomed out following two capitulation events. He noted that the six-month period between February and July served as a critical 'time pain' phase that exhausted sellers. Check highlighted that 4 million BTC moving from unrealized loss to profit provides a strong psychological tailwind. He views $60,000 as a deep value zone for accumulation and plans to stop buying at $100,000, while noting that a weekly close above $83,000 would signal the end of the bear market narrative. He also expressed skepticism toward altcoins and the long-term value proposition of tokenized stocks on L1 chains.