Will Clemente, Lead Insights Analyst at Blockware, dives deep into Bitcoin's on-chain analytics. He explores Bitcoin's price dynamics, emphasizing key support levels and market sentiment. Clemente highlights the concept of the illiquid supply floor, suggesting a potential buying opportunity. He also analyzes cryptocurrency supply dynamics, noting the impact of whale behaviors on market trends. The conversation concludes with a look at how younger generations are shaping the future of finance, driven by their tech-savvy nature and engagement with digital currencies.
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insights INSIGHT
Bitcoin UTXO Realized Price Distribution
Bitcoin's UTXO Realized Price Distribution reveals where investors bought their Bitcoin, forming support and resistance clusters.
Current price sits between the $30k-$40k and $40k-$50k clusters, with $38k-$39k being a key level.
insights INSIGHT
Realized Price and Investor Behavior
The realized price distribution shows where Bitcoin holders bought their coins, influencing their selling decisions.
Prices below the realized price make selling at a loss likely, while prices above suggest potential profit-taking.
insights INSIGHT
Net Realized Profit/Loss and Market Sentiment
The net realized profit/loss chart indicates the market's overall profit/loss state.
Recent market sell-off shows the first consecutive days of net realized losses since early July, influenced by traditional market trends.
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Will Clemente is the Lead Insights Analyst at Blockware. He has quickly become one of my favorite writers on all things bitcoin, including deep dives on various onchain analytics.
In this conversation, we discuss the bitcoin fundamentals, on-chain metrics, what happened in the past week, and what the on-chain data is telling us to be prepared for moving forward.
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