BTC053: BITCOIN DERIVATIVES & ON-CHAIN DATA

W/ WILL CLEMENTE & DYLAN LECLAIR

24 November 2021

Preston Pysh talks with Dylan LeClair & Will Clemente about the impact that Bitcoin derivatives are having on volatility and price action. Additionally, they cover their favorite on-chain metrics to understand Bitcoin’s moves.

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IN THIS EPISODE, YOU’LL LEARN:

  • How they have learned so much at such a young age.
  • How they think about volatility and how derivatives are impacting the Bitcoin Price Action.
  • The most misunderstood aspects of on-chain data.
  • Borrowing premiums and how it can provide clues into oversold or overbought conditions.
  • What metrics they would focus on for a market top indicator.
  • Long-term Versus Short-term investors and using their on-chain fingerprint to help manage longer-term positions.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh (00:00:03):

Hey, everyone. Welcome to this Wednesday’s release of the podcast, where we’re talking about Bitcoin. My two guests today are some of the youngest and most talented thinkers in the Bitcoin space and that’s Will Clemente, and Dylan LeClair. Both of these gentlemen are rising stars within the community for their contributions to on-chain analytics and analysis.

Preston Pysh (00:00:21):

They both have incredible articles that have been featured by some of the biggest Bitcoin publications, and on today’s show, we talk about the derivatives market and how it influences the market cycles, what it might mean moving forward with respect to volatility, some of their favorite on-chain metrics, why some of those metrics are, or aren’t important in certain circumstances and much, much more. Get ready for this really fun conversation with Will and Dylan.

Intro (00:00:48):

You are listening to Bitcoin Fundamentals by The Investor’s Podcast Network. Now, for your host, Preston Pysh.

Preston Pysh (00:01:07):

Hey everyone. Welcome to the show. Like we said in the intro, I’m here with Will and Dylan and my oh my, you guys are like the whiz kids of Bitcoin. It’s crazy to me how quickly… I think that’s the thing I keep telling myself is I just look at your age and I say, my God, I didn’t know this stuff that these guys are talking about like five years ago.

Preston Pysh (00:01:30):

I look at where you guys are at and it’s like, how in the world can they possibly know what they know at their age? It’s just a little mind blowing to me. I guess that’s my first question is like, what has allowed you to eyes to be able to just turn on the afterburners to catch up with people… It has to be technology that’s assisted in your ability to find key people or whatever it might be to accelerate that. But dude, it’s crazy.

Will Clemente (00:01:59):

Pressing, first and foremost, you obviously had a huge impact on both Dylan and I. It’s really strange being on this podcast because I remember about a year ago I was working at Michael’s and I had an overnight stocking job. I would come in and I would listen to your podcast. I would come in at like 2:00 or 3:00 AM and I would just chain listen to it until like 9:00, 10:00 AM when I got off the shift. At this time it wasn’t even Bitcoin, you were talking about… It was your first 25 episodes, you were talking about all the Warren Buffett stuff. I got out security analysis, big debt crisis.

Preston Pysh (00:02:36):

See, I love this. I didn’t know you were into the value side of it, Will.

Will Clemente (00:02:39):

Yeah. At first, I came into it that way. I got Zero to One by Peter Thiel, all these books, like you recommended early on. Aside from you specifically, just in general, I think the internet has a huge part to do with it. I’ve learned way more on the internet, I’m sure Dylan agrees, than I probably would’ve otherwise. I learned much more through podcasts and YouTube than I did in all my school combined.

Will Clemente (00:03:07):

I wasn’t always great in school, but it’s funny, you find something you’re interested in and you go down the rabbit hole and lead yourself through that. I think we have more content than ever before, and it’s like, if you’re interested in something, there’s no excuse aside from maybe becoming an engineer or something in medicine for you not to be able to teach it to yourself. Especially with finance, there’s all kinds of content out there for you to consume now.

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