Is the Bitcoin Bull Market Over?

In this interview, Peter McCormack, host of What Bitcoin Did podcast, talks to on-chain analyst and the co-founder of Hypersheet, Willy Woo. They discuss what caused the dip, who’s buying it up, and Willy’s new price targets.

Episode timestamps:

0:00 Intro
0:14 Elon Musk’s tweet causing the selloff
4:15 The price dropping below $30k
7:13 The risks of leverage
10:57 Is there too much leverage in the system?
19:29 Proof of work & coin distribution
24:20 Is this the end of the bull market?
25:13 Price targets
26:56 What happens now?
31:18 The whale capitulation
33:50 NVT
37:35 SOPR
42:44 The recovery

The episode premiered on May 21, 2021.