Listen now (7 min) | To investors, Will Clemente breaks down this week’s bitcoin situation using on-chain metrics to separate the signal from the noise. You can follow Will on Twitter or sign up for his email by clicking here. Here is Will’s analysis: Hope all is well, and you had a great week. This was an interesting week in terms of price, with BTC dipping below 30K, retracing all the gains from 2021. Since then, we’ve rallied back above the short term hourly downtrend and retested that trend as support at the time of writing ($35,118). Despite price fluctuations, not much has changed in terms of on-chain structure from last week. Mostly seeing continuation of trends in investor behavior we have already been following. Let’s dive in.
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