The Bitcoin Bull Market Phase 2 with Willy Woo - WBD416

Location: Remotely
Date: Thursday 28th October
Company: Hypersheet
Role: Co-Founder


In June, with the Bitcoin price in the low $30 thousands
following a 50% drop, a number of technical analysts believed the
top was in and that we were entering another prolonged bear
market. However, the on-chain data told a different story and
Willy Woo, amongst others, believed the bull market was still
alive.


The past few months have proved the case for the on-chain
analysts. In October alone, the price of Bitcoin is up over 40%,
and on the 20th, it broke over $66k, a new all-time high.


The launch of the first US Bitcoin futures ETFs was a significant
driver of this price rally, with futures ETFs facilitating access
to deep pools of capital liquidity and risk-neutral trades.


How will this impact the market, and what can we expect from
phase 2 of the bull run?


In this interview, I talk to an on-chain analyst and the
co-founder of Hypersheet, Willy Woo. We discuss the impact of
Bitcoin ETFs, the next stage of the bull market and the role of
toxic maximalism.