SLP274 William Clemente III - Bitcoin’s Great Consolidation

<p>William Clemente III joins me to talk about analyzing Bitcoin on-chain and why we’re still in the middle of this cycle. We chat:</p> <ul> <li>Getting into on-chain analytics</li> <li>Is this time different? Supercycle or not</li> <li>Analyzing what different cohorts are doing</li> <li>What does a market top look like?</li> <li>MVRV, NUPL, SOPR</li> <li>Futures and contango trade</li> </ul> <p><strong>William links:</strong></p> <ul> <li>Twitter: <a href="https://twitter.com/WClementeIII" rel="noreferrer noopener" target="_blank">@WClementeIII</a></li> <li>Website: <a href="https://substack.com/" rel="noreferrer noopener" target="_blank">Substack</a></li> </ul> <p><strong>Other relevant episodes:</strong></p> <ul> <li><a href="https://stephanlivera.com/episode/258/" rel="noreferrer noopener" target="_blank">SLP258 Rafael Schultze-Kraft Bitcoin</a><a href="https://stephanlivera.com/episode/258/"> Supply Crunch</a></li> <li><a href="https://stephanlivera.com/episode/190/" rel="noreferrer noopener" target="_blank">SLP190 Rafael Schultze-Kraft – How Many Bitcoins Are Being HODLed?</a></li> <li><a href="https://stephanlivera.com/episode/64/" rel="noreferrer noopener" target="_blank">SLP64 Tuur Demeester – What is Bitcoin Worth? A Bitcoin Valuation Framework</a></li> <li><a href="https://stephanlivera.com/episode/223/" rel="noreferrer noopener" target="_blank">SLP223 Preston Pysh - Bitcoin's Final Cycle?</a></li> </ul> <p><strong>Sponsors:</strong></p> <ul> <li><a href="http://swanbitcoin.com/livera" rel="noreferrer noopener" target="_blank">Swan Bitcoin</a></li> <li><a href="http://lend.hodlhodl.com/" rel="noreferrer noopener" target="_blank">Hodl Hodl Lend</a></li> <li><a href="http://compassmining.io/" rel="noreferrer noopener" target="_blank">Compass Mining</a></li> <li><a href="https://unchained-capital.com/the-vault-concierge-onboarding-package/" rel="noreferrer noopener" target="_blank">Unchained Capital</a> (code LIVERA)</li> <li><a href="https://cyphersafe.io/" rel="noreferrer