Where Are We In The Cycle? | Willy Woo
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We are seeing liquidity coming back into the market. It's late stage of a bull market. So that's when things rally the hardest. The the market gets very, very volatile. When there's a little, injection of additional liquidity, things can run really wild. And so that's the phase we're in right now. So I don't have too much in the way of fears of this being a rogue and a and a cyclotop just yet. This
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Alright, everybody. Welcome back to to another episode of the ThousandX Podcast. Today, we've got a very special guest. We don't usually do guest because you guys hate it when we attempt to interview crypto founders and and other protocol people. But today, we have, you know, market's guest that we can actually chop it up with. The the one and only Willie Wu. This this this man goes deep into the weeds, and, we need that right now because we're all trying to figure out whether this rally is sustainable. And if it is, where we're supposed to take profit, or alternatively, if we're just supposed
Jonah. Great to be here. Yeah.
Nice to meet you. I guess the first thing I wanted to ask you is, you know, we've we've been ranging on the highs for a while. Right? We were ranging around $1.00 $5.01 10 in Bitcoin. There was some fear, little little bit of jittery price action, but ultimately, you know, you never really stabilize on the highs for too long. And we we we're assuming we're either gonna puke or keep rallying. So the rally continued. Right? We we had a big breakout about a week ago. Do you think this is gonna keep going, or do you think this is just a pop to sell? What what's your take on the current state of th
I mean, if we're zooming out, we are seeing liquidity coming back into the market. And we're seeing it as late late cycle right now just on the liquidity dynamics. You know, Bitcoin is out of all the global macro assets, it's the most sensitive to liquidity. And so a lot of our work now is to measure the liquidity within the network. And the the the structure is late stage. Right? It's late stage of a bull market. So that's when things rally the hardest. The the market gets very, very volatile. But, you know, when there's a little, injection of additional liquidity, things can run really wild.
also, when you say we tell tell us who, tell us who we are, what kind of what what sort of research you're up to and and who you're working with.
Absolutely. Like, I've partnered with SwissBlock. SwissBlock, here we go. SwissBlock is, kind of the the most secret, crypto trading firm within the industry that no one knows but have done remarkable things. They are the the founders of Glassnode, which was spun out, 2019, I believe. And but behind it is a a prop trading, firm that had been systematically trading since, 2020, '15. So that OG, they traded they traded using on chain data in the 2017 cycles, and it was like that. So they they said to me that was the bee's knees just tracking exchange flows coming in and out so they could basical
What? I was about to ask. What what is their their time horizon? Is it minutes, hours, weeks?
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