The Bitcoin Bull Market Phase 2 with Willy Woo

 
 

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“That cycle has repeated for the good part of the decade, you’ve seen many of these cycles, and we’ve just reloaded, the shotgun has just reloaded with new ammo, and these guys are at peak, and we’re ready for another run.”
— Willy Woo

SHOW DESCRIPTION

Location: Remotely
Date: Thursday 28th October
Company: Hypersheet
Role: Co-Founder

In June, with the Bitcoin price in the low $30 thousands following a 50% drop, a number of technical analysts believed the top was in and that we were entering another prolonged bear market. However, the on-chain data told a different story and Willy Woo, amongst others, believed the bull market was still alive.

The past few months have proved the case for the on-chain analysts. In October alone, the price of Bitcoin is up over 40%, and on the 20th, it broke over $66k, a new all-time high.

The launch of the first US Bitcoin futures ETFs was a significant driver of this price rally, with futures ETFs facilitating access to deep pools of capital liquidity and risk-neutral trades.

How will this impact the market, and what can we expect from phase 2 of the bull run?

In this interview, I talk to an on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss the impact of Bitcoin ETFs, the next stage of the bull market and the role of toxic maximalism.

TIMESTAMPS

00:02:47: Introductions
00:04:14: Bitcoin ETFs
00:08:36: Cycle maximalism
00:12:33: The cash-and-carry trade
00:20:44: Changing data and Glassnode metrics
00:24:50: Long-term hodling patterns
00:32:27: The record SHIB trade
00:36:04: Toxic maximalism
00:43:00: China and the mining ban
00:46:41: Antonopoulos 2014 Canada Testimony
00:54:52: The Winklevoss twins vs Zuckerberg
01:00:29: Final comments

 

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SHOW NOTES

Connect with Willy:

Mentioned in the interview:

Other Relevant WBD Podcasts:

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