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In this week's episode of the Block Exploring Podcast, Tommy (@sabaisquared) and Elias (@otokocrypto) discuss the state of the market.
It’s the first week of 2022, and the markets are slightly bearish?
That’s great for us because we get to talk about the importance of on-chain analysis versus technical analysis. Right now we find that three-quarters of the Bitcoin supply is considered illiquid. This means that people are ready to hold for the long term and not willing to sell at current price levels. This means that there are a large set of bullish on-chain indicators which are giving off contrary signals to what is happening on the market.
In other news, we discuss the recent statements made by Charles Hoskinson on the state of crypto, venture capital in crypto, and the importance of community. Charles states that VC does not appreciate community in the scope of Cardano, Elias makes a bullish case for $ADA in this episode because of this.
What do you think? Where does the value of community lay in crypto?
What does this news mean for you? Find out in this episode!
Let us know what you think in the comments!
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Music: prod. Riddiman
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DISCLAIMER: This podcast is not financial advice
#crypto #cryptopodcast
