Willy Woo, on-chain Bitcoin analyst and writer of the Bitcoin Forecast, a market intelligence newsletter, and Rafael Schultze-Kraft, co-founder and CTO of Glassnode, discuss Bitcoin and what the on-chain metrics tell us about the price. Here to discuss is. Episode highlights:

  • what factors pushed the price of BTC down in May
  • why Elon’s Twitter account hold so much sway over the market
  • why Willy believes Bitcoin is good for renewable energy
  • who sold during the last month
  • which type of BTC investors stopped purchasing in Feb/March
  • what trends Willy and Rafael have noticed from coins moving to/from exchanges
  • their thoughts on exchange-traded products, like GBTC and Canadian ETFs
  • how derivatives trading has played a role in Bitcoin’s price
  • why stablecoins were trading above their peg in the months leading up to the Coinbase direct listing
  • how Willy values Bitcoin (specifically using NVT ratio)
  • whether the trend of corporate treasuries investing in Bitcoin will continue
  • how they expect Ethereum’s adoption of a deflationary monetary policy to impact the price of Bitcoin
  • when the market could turn bullish once again and predictions for the rest of the year

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Episode Links

Willy Woo

Rafael Schultze-Kraft

Glassnode

Willy on BTC trends:

Rafael on BTC trends:

Glassnode on BTC trends: