This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Will Clemente and Checkmate. Will is a Finance Major at East Carolina University. He has quickly become one of my favorite writers on all things bitcoin, including deep dives on various onchain analytics. We are joined this week by Checkmate, an analyst from Glassnode, who focuses full-time on onchain metrics.

Subscribe to Will’s new email newsletter here: https://btcbywc3.substack.com/

In this conversation, we discuss whales selling to retail, mining ban in China, and the other market movements from this week.

Checkmate's website: https://checkonchain.com/
Glassnode Academy: https://academy.glassnode.com/
Glassnode newsletter: https://insights.glassnode.com/tag/newsletter/

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Pomp writes a daily letter to over 140,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:

00:00 - Intro
00:19 - This week's on-chain metrics
02:36 - Checkmate's background
03:53 - Metrics that Checkmate checks every morning
05:37 - Analysis of this consolidation phase
08:17 - Liquid supply change
13:09 - Mid cycle accumulation or bear market?
17:38 - How leverage affects the market
20:23 - Milestones for this market
22:27 - How Checkmate uses on-chain metrics
25:44 - Last thoughts