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

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 25 June 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2021 Oasis: https://oasisprotocol.org NEAR: https://near.org 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone, welcome to Unconfirmed, the show that reveals how the marquee names in
0:08.1	crypto are reacting to the week's top headlines and gets the insight scoop on what they
0:11.7	see on the horizon.
0:12.7	I'm your host, Laura Shin, a journalist with over two decades of experience.
0:16.4	I started coming crypto six years ago and as a senior editor at Forbes was the first
0:20.4	mainstream media reporter to cover cryptocurrency full time.
0:23.9	This is the June 25th, 2021 episode of Unconfirmed.
0:27.7	Near is an open source platform that accelerates the development of decentralized applications,
0:33.4	overcoming high fees and slow speeds with its fast, scalable, low cost and climate neutral
0:38.6	blockchain protocol.
0:40.4	Learn more at NEAR.org.
0:44.4	The OASIS network is a privacy enabled blockchain platform for open finance and a new data economy.
0:50.6	Start building your next idea on the OASIS network.
0:54.0	The Crypto.com app pays you up to 8.5% interest on your Bitcoin.
0:58.5	Get $25 when you download the crypto.com app with code Laura.
1:03.1	The link is in the description.
1:05.1	Today's guest is Will Clemente, author of the BTC by WC3 newsletter.
1:10.6	Welcome Will.
1:11.6	Hey Laura, thanks for having me on, super excited to do this.
1:16.0	Great.
1:17.0	So let's talk about Bitcoin.
1:18.5	The market has been in a funk the last, I would say, maybe four to six weeks.
	...

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