06.25.2021 - By Laura Shin
Will Clemente, author of the BTC by WC3 newsletter, breaks down the current state of Bitcoin’s on-chain activity and explains why he believes the market is in a mid-cycle lull rather than turning bearish. Show highlights:
why Will is not worried about a bear market
what indicators make Will believe BTC is in a mid-cycle consolidation
who is selling and driving the recent market downturn
why Will thinks the unwinding of derivatives is a significant factor in Bitcoin’s move below $30K
what Will believe institutions are waiting on before entering the market again
how Bitcoin cycles can be broken down into mini hype-cycles
how long-term holders are acting on-chain
the difference between long-term holders versus short-term holders during bear and bull markets
why Will is interested in finding data on Latin American Bitcoin users
how long the consolidation process might take
what metrics Will has his eyes on for the latter half of 2021
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Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021
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Episode Links:
Will Clemente
Twitter: https://twitter.com/WClementeIII
Newsletter: https://btcbywc3.substack.com/
Miscellaneous Links
Unchained w/ Willy Woo and Raphael Shultze-Kraft: https://unchainedpodcast.com/will-bitcoins-price-go-up-again-yes-according-to-on-chain-analytics/
Willy Woo and Will Clemente ratio: https://twitter.com/woonomic/status/1407403983023460354
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