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Who Is Will Clemente? A Guide to the Popular On-Chain Analyst

5 mins
Updated by May Woods
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Will Clemente is a crypto analyst known for translating complex blockchain data into plain English. Still in his early twenties, Clemente has hundreds of thousands of social media followers hanging on his insights. This article takes a quick look at his background, his analytical style, and what makes his market calls stand out from the noise.

KEY TAKEAWAYS
➤ Will Clemente is a popular crypto analyst. He is primarily known for making on-chain data accessible to wider audiences.
➤ His analysis style focuses on blockchain metrics like supply flows, holder behavior, and real-time exchange activity.
➤ Beyond his social media following, Clemente co-founded Reflexivity Research and helped broaden institutional understanding of Bitcoin cycles.

From student to crypto analyst

Will Clemente’s crypto journey took off while he was a finance student at East Carolina University. During his time, Clemente started exploring on-chain Bitcoin data outside the classroom.

By age 19, he was already sharing charts and analysis on Twitter (X) – and the community noticed. In a matter of months, Clemente amassed over 125,000 followers thanks to his solid on-chain insights​.

➤ His age and newcomer status didn’t matter. As Clemente himself put it in an interview with the Business Insider, if you provide value, the Bitcoin community will recognize it. This ethos proved true, as his quality analysis opened new doors — he soon started writing a weekly column for Anthony Pompliano’s newsletter and penning articles for Bitcoin Magazine.

Clemente’s big break came when Pompliano, a prominent crypto podcaster and investor, noticed his work. In mid-2021, Pompliano suggested they start a research firm together. Clemente made a bold choice – he dropped out of college in August 2021 to go full-time into crypto. 

By September 2021, the duo had launched Reflexivity Research, a firm bridging on-chain analysis with traditional finance rigor. The gamble paid off. By age 21, Clemente’s follower count exploded into the hundreds of thousands, including heavyweights like MicroStrategy’s Michael Saylor and Messari’s Ryan Selkis. 

[….] I decided to make a Twitter account to find other likeminded people that were interested in Bitcoin and the broader crypto landscape. Over the ensuing months, my life would completely change. All of a sudden I became a voice in the Bitcoin space, largely because it appealed to people that I was a young person who was interested in investing and the Bitcoin thesis specifically.

— Will Clemente, via X.com

Clemente’s on-chain analysis style

What sets Will Clemente apart is his data-driven approach. He digs into Bitcoin’s on-chain metrics – the raw data from the blockchain – to gauge the market’s pulse. 

Instead of relying solely on price charts, he looks at who is buying or selling and what’s happening on the network. Exchange inflows and outflows, wallet activity, and long-term holder behavior. 

For instance, he tracks coins moving on and off exchanges to see if big players are quietly accumulating or if retail traders are panicking. One of his unique contributions was popularizing the “illiquid supply shock” concept, which measures how much Bitcoin is held by strong hands versus how much is liquid. 

➤ In fact, Clemente was the first to suggest a novel ratio of illiquid to liquid BTC supply, a metric that on-chain veterans like Willy Woo credit as inspiration for deeper research​.

This kind of insight – quantifying the supply squeeze – helped explain why Bitcoin’s price could suddenly “pop” upward when availability dries up.

Clemente’s style is all about separating signal from noise. He often emphasizes the difference between long-term holders (who keep stacking sats) and short-term speculators. For instance, he highlighted in mid-2021 that small holders were at all-time highs and illiquid supply was climbing, which signaled strong conviction even as prices dipped. 

He combines these metrics to form a bigger picture of market health. This approach usually makes his analysis go beyond “number go up or down.” Instead, you get reasoning like “whales are buying aggressively this month” or “Bitcoin’s supply on exchanges just hit a multi-year low.” 

These clues give you the context behind price moves. 

Reflexivity Research and other ventures

Clemente’s growing stature in the crypto space goes beyond his social media clout. In fact, he is part of multiple high-profile companies and collaborations.

His first professional gig in crypto was as Lead Insights Analyst at Blockware Solutions, a blockchain infrastructure firm. There, as a teenager, he was already authoring deep-dive reports and co-hosting a podcast on Bitcoin metrics. This role put him on the map as a serious analyst. 

However, Clemente’s entrepreneurial drive soon led him to co-found Reflexivity Research in late 2021 with Pompliano. The firm’s mission was to deliver high-quality, crypto-native research that could bridge the gap for traditional investors entering the digital asset space​.

➤ Put simply, Reflexivity produced reports breaking down crypto projects and market trends in the kind of detail institutional investors expect – but in an easily digestible format for all.

The company quickly gained traction and forged alliances with big platforms like CoinMarketCap to bring fundamental analysis to wider audiences​

​It also attracted clients ranging from crypto exchanges to hedge funds, thanks to its reputation for unique Bitcoin insights. Impressively, within its first year, Reflexivity was acquired by DeFi Technologies, a sign of the value Clemente and team had built.​ (Not many 20-year-olds can say they sold a company while barely of legal drinking age!)

Clemente remained at the helm of affairs at Reflexivity as he continued leading research and often presented findings in webinars and conferences. However, in February 2025, he announced that he had “transitioned into an Advisory role at the firm.”

Other collaborations

Clemente has also collaborated across the industry. His analysis has been featured in Bitcoin Magazine, and he has appeared on popular podcasts such as The Pomp Podcast and The Investors Podcast. 

These appearances often see him explaining on-chain trends or discussing the state of the market alongside other analysts. His collaborations with various media and companies have ensured that his insights are not confined to X (formerly Twitter) only. 

To cut a long story short, whether you read an eToro market report or a BeInCrypto news article, you will likely stumble on a Will Clemente quote or chart. His influence extends into crypto media as a trusted voice on what the data says about sentiment and market cycles.

What Clemente brings to the table

Will Clemente’s rise from college sophomore to a leading crypto analyst underlines the value of clear-eyed analysis in a hype-driven world. His content combines on-chain data, timely market observations, and a tone that remains accessible and occasionally lighthearted. This balanced approach has made him a relatively reliable reference point for those seeking clarity amid crypto’s constant volatility.

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Shilpa Lama
Shilpa is a Highly experienced freelance Crypto and tech journalist who is deeply passionate about artificial intelligence and pro-freedom technologies such as distributed ledgers and cryptocurrencies. She has been covering the blockchain industry since 2017. Before her ongoing stint in tech media, Shilpa was lending her skills to government-backed fintech endeavors in Bahrain and a leading US-based non-profit dedicated to supporting open-source software projects. In her current...
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