What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp

podcast, simply the best podcast out there. Now let's kick this thing off. In today's podcast,

we break down the on-chain metrics from this past week. Will Clemente was busy and couldn't join us,

so I went ahead and did the best I could. I hope you enjoy this episode, and we'll be back at it again with Will, starting next week.

Anthony Pompliano runs Pomp Investments.

All views of him and the guests on his podcast are solely their opinions,

and do not reflect the opinions of Pomp investments.

You should not treat any opinion expressed by Pomp or his guest as a specific

inducement to make a particular investment or follow a particular strategy, but only as an

expression of his personal opinion. This podcast is for informational purposes only.

We're going to go through on-chain metrics. Young Wizard Will Clemente, not here. He had

something to do. So I've got the charts, and we're going to do the best weekend to get through this and talk

about what has happened this past week with the on-chain metrics in Bitcoin.

If you want to get this, go follow Will on Twitter or go subscribe to his newsletter that is

in the profile of his Twitter account.

So first, on Tuesday, there was a ton of liquidation in the market.

It basically, we were live when it happened.

And the price fell from like $50,000 to $53,000 all the way down to $42,000 at one point.

And prior to that crash, we had futures open interest rising alongside an uptick in the estimated leverage ratio.

And so what that basically meant was we just got super over levered.

And then there was this washout. There was basically kind of a de-levering that happened in the derivatives market.

And that's why that price movement down happened so quickly.

...