Yan Liberman, cofounder at Delphi Digital, breaks down all kinds of data from the Bitcoin blockchain to give a snapshot of where Bitcoin is at this point in its development and glean where it might go in its future. We discuss: 

• Bitcoin's wealth distribution and how that has changed over time
• what whales have been up to recently and how that compares with their behavior in previous bull and bear markets
• what data on multi-sig transactions tells us
• what companies serving the institutional and retail markets are seeing in terms of customer demand
• activity to and from exchanges, and what those trends mean
• what unspent transaction outputs tell us about investors' mindset now
• and the market value to realized value (MVRV) — what it is and what the current MVRV says about where Bitcoin is in terms of this investment cycle

Thank you to our sponsor! 

Crypto.com: https://crypto.com

Episode links: 

Yan Liberman: https://twitter.com/YanLiberman

Delphi Digital: https://www.delphidigital.io/

Delphi's State of Bitcoin 2020: https://www.delphidigital.io/halving

Links from news recap:

https://unchainedpodcast.com/where-is-the-eth-going/