Unconfirmed: Strong Hands Aren't Selling Bitcoin. So Who Is? - Ep.249

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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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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