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. After weeks of following the strong divergence between on-chain investor behavior and price, it looks like we are finally starting to see that translation into price action. As we were watching for in last Friday’s letter, we got a short squeeze on Sunday evening that liquidated over $110M in shorts within minutes.
right on time. keep going. strong hands prevail.