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Podcast: The Peter McCormack Show
Episode: Bitcoin On-chain & Macro Analysis with Will Clemente & Dylan LeClair - WBD382
Description: Location: Remotely Date: Thursday 5th August Company: Independent, Bitcoin Magazine Role: On-chain Analyst, Director of Financial Markets & Research From early May to late July, the price of Bitcoin dropped substantially from ~$64k to below $30k. This was following a wave of negative press, a renewed ESG, anti-proof of work narrative and Elon Musk FUDing Bitcoin. During this time, the sentiment amongst most Bitcoin traders turned negative, with many calling for the price to drop into the low $20,000s. The futures markets reflected this negative sentiment, with a large majority of participants in s...