Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation

[1715692487]

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[1715692487]

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[Toxic2040]

the noon wall report

dyor




stronghands

[savetherainforest]

Those lists of large BTC stashes treat 30k as a big deal.

In 2010 that was only enough for a half dozen pizzas.

Remember Manwhalebear? Dumped 30k just like that (October 6, 2014). I wonder how many more he kept hodling.

https://www.youtube.com/watch?v=OdqKOKsymfk

I watched it happen live. Jolly good fun.

I watched it too. He dumped the huge wall at $300. He could have bought them back at $150 in early 2015, but didn't apparently.

This reddit poster claims to be Manwhalebear, and signed a message to prove it. I haven't verified it yet though. This is the address he signed it from 159SCycgn8weAy2XGUEhD6V1RTFni7E3iq. It's received 224421 BTC over the years!

https://www.reddit.com/r/Bitcoin/comments/6d2tp1/i_am_the_bearwhale_uasf_now/

It's a very long post. Here's a few quotes from it.

Hello. I am the BearWhale. After a series of bad experiences with the banking system, I invested most of my life savings into bitcoin when the price was fairly low, around $8. For years I was a HODLer.

The price kept drifting downwards until finally at a little over $300 I had enough. I sold off everything...

I don’t regret selling, as I made an enormous profit. The decision was a rational one based on available information. However, in 2017 I went all-in on bitcoin again...

The signature is on pastebin.

https://pastebin.com/Lp5Djs5R

edit

The signature's authentic.

Poor Whale!    


A thing struck me from his post:

"Although I am of course an adult fully responsible for my decisions, I want to make it clear that Roger Ver’s agenda was successful at convincing me that bitcoin had a “governance crisis” and was at risk of being overtaken by altcoins."


Altcoins will eventually do that. They will erode the dominance and they will rise. But only and only when the fiat system becomes obsolete. Meaning that the only fiat in existence will be the one created by exchanges with any sort of backing, AND/OR governments that are backing their currencies as well. The moment the cash apps start gaining 'displacement' capabilities from the traditional system, altcoins will not trust fiat with their independence and there will be a push or pressure towards adopting more and more sh!tcoins on the payment apps, some will lose/fail and some not. The ones that don't fail will be spread all around and the laws of diminishing returns will start to activate, being all around less supply due to hoarding and the price will keep going up and people hoard and hoard all the way till they feel with a 'fully belly' of crypto altcoins.          

(But not now, maybe from 2030+)  

[Hueristic]

Those lists of large BTC stashes treat 30k as a big deal.

In 2010 that was only enough for a half dozen pizzas.

Remember Manwhalebear? Dumped 30k just like that (October 6, 2014). I wonder how many more he kept hodling.

https://www.youtube.com/watch?v=OdqKOKsymfk

I watched it happen live. Jolly good fun.

You don't see these type temper tantrums anymore.

[Cosmic Beyonders]

Sense of Humor.....

[ChartBuddy]

Explanation

[Richy_T]

They should use something else, like Bitchute or something.    

Yep. Anyone who derives their livelihood from YouTube should be mirroring to at least one other service and probably two or three.


https://www.floatplane.com/discover

Linus is a pos and I would never trust anything hes involved in.

I've been trying to block his crap for years and youtube still pushes it on me, that in itself is telling.

https://odysee.com is the wtg imo.

Careful with the quotations there.

Linus seems to lose large amounts of data on a semi-regular basis. I leave people to infer from that what they will.

[Richy_T]

This CANNOT continue in the same direction. What would cause this to reverse (apart from bitcoin rise), I don't know, but it is unsustainable and I partially understand why younger people blame us (boomers and older).

I think a lot of people my generation and older will be in for a shock when they younger generations suddenly decide they're not going to pay for us to sit around out of their pockets. Social security is heading for the dumpster.

[ChartBuddy]

Explanation

[Richy_T]

I swear if we end up back in the 3x,xxx zone, I'm going to slap someone.

[somac.]

I swear if we end up back in the 3x,xxx zone, I'm going to slap someone.

I know how you feel, I think there is a bit of support between here and 40k but I certainly wouldn't bet that it will hold.

It makes me wonder. I see the price go down, and the charts showing supply held by LTHs constantly increasing, when will 100% of supply be in LTH hands and at that point how many millions of coins will still be listed as balances on exchanges. My bet is there is some serious fractional reserve ratios happening on a lot of exchanges.

[BobLawblaw]

I swear if we end up back in the 3x,xxx zone, I'm going to slap someone.

[ChartBuddy]

Explanation

[ImThour]

I swear if we end up back in the 3x,xxx zone, I'm going to slap someone.

4H Chart, we are on support. Should be good to go.
I am on a Long Trade from $43k and am expecting it to bounce back towards $46-$47 levels.

[ImThour]

Some On-Chain Data:

The Puell Multiple: This metric looks at the supply side of Bitcoin's economy - bitcoin miners and their revenue.



Whale Shadows: This indicator shows when bitcoins that have not moved onchain for many years, finally move again.

10yr+


7-9yr:



MVRV Z-Score: MVRV Z-Score is a bitcoin chart that uses blockchain analysis to identify periods where Bitcoin is extremely over or undervalued relative to its 'fair value'.




Bitcoin Wallet Sizes: > 1,000 BTC: Live bitcoin chart showing the number of unique addresses holding at least 1,000BTC.




Stock-to-Flow Model: Stock to flow is a forecasting tool for Bitcoin price. As the amount of bitcoins to be mined reduces over time, the stock to flow number (s2f ratio) increases, as supply coming onto the market is reducing.



Source: https://www.lookintobitcoin.com/charts/


Miner capitulation: Profitability for miners is a function of the Bitcoin price and the cost for the miner to buy electricity to mine.


Yearly Candles: A standard candle chart with a Bitcoin price open, high, low, and close, with the one difference being that there is only one candle for each year of Bitcoin’s existence.
So far 3 red candles, i.e. 2014, 2018, 2022.


Source: https://stats.buybitcoinworldwide.com/

[NoorulHuda]

I think I found something more. On my ongoing research.



https://mobile.twitter.com/ecoinometrics/status/1511639229624840199

[NoorulHuda]

https://mobile.twitter.com/BTC_Archive/status/1512372684394582021

[ChartBuddy]

Explanation

[cAPSLOCK]

Something like this now?

[ChartBuddy]

Explanation