Is the Bitcoin Bottom in? with Willy Woo - WBD456

Location: Remote
Date: Thursday 27th January
Company: Hypersheet
Role: Co-Founder


Given the unprecedented combination of events that impacted
Bitcoin in 2021, it is perhaps not surprising that the market
currently feels like it’s in uncharted territory. Patterns of
trading behaviour have changed, new investors and trading
instruments are influencing the price, and the old cycles no
longer seem to apply.


This wasn’t forecasted. The rally into the back end of 2021 was
expected to be sustained: institutional adoption ramped up. Yet,
despite the influx of capital, whales hodling, and even miners
keeping hold of their bitcoin, the price has seen a 50%
correction since the ATH in early November.


However, shorting Bitcoin from this position would be a bold
trade. The old coins are still not selling. Further, positive
regulatory clarity could kickstart a rush of institutional
capital.


In this interview, I talk to Willy Woo, on-chain analyst and
Co-Founder of Hypersheet. We discuss the current Bitcoin price,
why it doesn’t look like a bear market, the breaking of the
4-year cycles, and how he’s positioning his portfolio.