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

[BitcoinBunny]

Should have called themselves JP Morgan Chase and the FBI would have left them mostly alone.


JPMorgan Chase & Co. Agrees To Pay $920 Million in Connection with Schemes to Defraud Precious Metals and U.S. Treasuries Markets
https://www.justice.gov/opa/pr/jpmorgan-chase-co-agrees-pay-920-million-connection-schemes-defraud-precious-metals-and-us



I think we sometimes forget why Bitcoin exists; all fiat (central) banks are scamming cunts. The more governments interfere, the bigger the problems become.

[1714231955]

1714231955

[1714231955]

1714231955

[1714231955]

1714231955

[1714231955]

1714231955

[OgNasty]

It feels like we’re at a bit of a dangerous point in the market here. We’ve bounced off the resistance level and appear to have seen lower lows in the short term. I think we’re still in a bull market, but I wouldn’t be surprised to see a pull back here before we blast 30K. I wouldn’t be short the market here, but it is starting to look like choosing your entry points might be helpful.

[jojo69]

[ChartBuddy]

Explanation

[macson]

Banking stocks continue to drop.

Credit Suisse down nearly 25% to a record low.

red.



[1] https://www.tradingview.com/markets/stocks-usa/sectorandindustry-industry/regional-banks/

[ChartBuddy]

Explanation

[pixie85]

CNBC

The share price rout renewed a broader sell-off among European lenders, which were already facing significant market turmoil as a result of the Silicon Valley Bank fallout. Some of the biggest decliners included France’s Societe Generale, Spain’s Banco de Sabadell and Germany’s Commerzbank
Several Italian banks on Wednesday were also subject to automatic trading stoppages, including UniCredit, FinecoBank and Monte dei Paschi
Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance

[ChartBuddy]

Explanation

[jojo69]

[ChartBuddy]

Explanation

[philipma1957]

Heck!

ChipMixer was seized by US and German authorities.
1909.4 Bitcoin in 55 Transactions (44.2 Million Euro) with 7 TB Data seized. The most famous Mixer on this forum ended their journey.



http://chipmixer.com/

https://www.europol.europa.eu/media-press/newsroom/news/one-of-darkwebs-largest-cryptocurrency-laundromats-washed-out

Is this a real seizure?

I for one am glad I never sold my signature to them.

Now I hope all that did and there are many that did on Bitcointalk don't get in trouble.

Edit  I added this below:
I never used any mixer based on the idea that it was a way to get in trouble from governments. ie as some mentioned a honey pot

[xhomerx10]

Credit Suisse crashes to record low as it warns of 'material weaknesses' in its financial reporting
https://www.thisismoney.co.uk/money/markets/article-11860583/Credit-Suisse-crashes-record-low-warns-material-weaknesses.html

"It revealed the firm had identified 'certain material weaknesses in our internal control over financial reporting' for 2022 and 2021."


That's one way of saying you are broke I guess.
 

How big are they?

In 2021, Credit Suisse had assets under management (AuM) of over CHF 1.6 trillion. On February 9, 2023, the bank reported an annual loss of CHF 7.3 bn, the biggest loss since the 2008 global financial crisis.
Another bank collapse will send Bitcoin over 30k$ imho

 It took me way too long to realize why you removed your avatar hat.   I am so dense sometimes.
I'm on vacation and on a tiny notebook but I did my best.  Hope this one fits you better!




avatar-sized

Wow man…awesome ! Thank you very much…I would have given you more merits but I only had 7! This is actually my first hat…I never had one before. Enjoy your vacation.
Cheers

  Oh man!  I've confused my jax and jackeds.  I guess my problem goes beyond "dense".  No reason you shouldn't have had a hat anyway and it looks good on you!  Your praise and appreciation is much better than any amount of merits.  I wish we had a simple "like" button instead and I'll keep saying that until we get one!

[Paashaas]

There's an $80 trillion 'blind spot' in the financial system that could spell trouble for markets as debts held off-balance sheet grow at a rapid pace.

There is more than $80 trillion in hidden debts held by shadow banks and non-US banks that could ultimately spell trouble for markets.

That's because the debt is held off of balance sheets, and therefore a lack of transparency makes it all the more difficult for central bank officials to fully grasp just how big and impactful this lurking debt could be in the event of a stressful market event.

According to the Bank for International Settlements, the massive debt pile is tied to foreign currency swaps and represents repayment obligations between different financial institutions that have yet to be settled. For example, a foreign investment firm that wants to buy US assets, like a US-listed stock, would first have to convert their foreign currency to US dollars, often via a foreign-currency swap, and then buy the asset.

But for as long as the foreign investment firm holds onto the US-based asset, there's an ongoing currency obligation it owes until the trade is closed out. And that obligation is recorded off the balance sheets of financial institutions. This makes it difficult for central bank policymakers to fully grasp the potential demand for US dollars amid a volatile market event.

While the obligations are relatively safe, short-term, and backed by hard currencies, it could still be vulnerable during periods of high stress in the market.

"FX Swap markets are vulnerable to funding squeezes. This was evident during the Great Financial Crisis and again in March 2020 when the COVID-19 pandemic wrought havoc. For all the differences between 2008 and 2020, swaps emerged in both episodes as flash points, with dollar borrowers forced to pay high rates if they could borrow at all," BIS explained in a Monday note.

The BIS calls it a "blind spot" for the financial system, and the hidden debt is growing quickly, having more than doubled since 2008.

What's most concerning to the BIS is the lack of data and transparency around to these ballooning debts. That lack of visibility could make it all the more difficult for the Fed to alleviate market stresses in the event that supplies of the US dollar suddenly dried up.

[dragonvslinux]

Heck!

ChipMixer was seized by US and German authorities.
1909.4 Bitcoin in 55 Transactions (44.2 Million Euro) with 7 TB Data seized. The most famous Mixer on this forum ended their journey.

http://chipmixer.com/

https://www.europol.europa.eu/media-press/newsroom/news/one-of-darkwebs-largest-cryptocurrency-laundromats-washed-out

Is this a real seizure?

I for one am glad I never sold my signature to them.

Now I hope all that did and there are many that did on Bitcointalk don't get in trouble.

Edit  I added this below:
I never used any mixer based on the idea that it was a way to get in trouble from governments. ie as some mentioned a honey pot

Yes, it's real by looks of it. Also referenced over here:

Looks like ChipMixer was seized...

https://www.europol.europa.eu/media-press/newsroom/news/one-of-darkwebs-largest-cryptocurrency-laundromats-washed-out

On 15 March, national authorities took down the infrastructure of the platform for its alleged involvement in money laundering activities and seized four servers, about 1909.4 Bitcoins in 55 transactions (approx. EUR 44.2 million) and 7 TB of data.

As well as over here:

Clearnet site says seized... wow. TOR site still looks normal?

Those mixed coins received from signature might well need to be mixed elsewhere now!

[ChartBuddy]

Explanation

[_javi_]

Bank Observer
A free service brought to you by the bitcoin community

 

[HI-TEC99]

[ChartBuddy]

Explanation

[philipma1957]

The interest bet placed by SVB was likely an act of extreme stupidity or

financial sabatoge. 

The financial decisions by SBF were either extreme stupidity or financial sabatoge.

pattern does not look good.

[pixie85]

The interest bet placed by SVB was likely an act of extreme stupidity or

financial sabatoge. 

The financial decisions by SBF were either extreme stupidity or financial sabatoge.

pattern does not look good.

Ellison - why would anyone need a stop loss? Also, trading on drugs is a great idea!
SBF - I'll trust my ex girlfriend with trading. She's weird and often high, but who cares. Fuel my yacht, we're going places!
SVB - Send this guy a billion dollars, he's a genius. He can run a billion dollar company while playing LoL.
Powell - Let's keep printing boys! We're in the best economy in the history of the US.
Warren - inflation? banks are failing? Blame it all on those crypto people!