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

[dansus021]

Today, the market is dumped ETF seems not to make difference to the price tho


https://twitter.com/WhaleWire/status/1748065165491188212

what do you guys think?

[Biodom]

Today, the market is dumped ETF seems not to make difference to the price tho


https://twitter.com/WhaleWire/status/1748065165491188212

what do you guys think?

I think that this twitter poster does not know "maf":

0.001% is 1/100000 of value.
1/100000 of about 800 bil is 8 million.
I am 100% sure that more than 8 mil was deposited into ETFs.
In fact, it's more like 80-100X of 8 million.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

...wondering if we're not going to re-test $40k at this rate.

or 30k 

Split the difference?

done, ill go set my buys @ 35k now

But but

Last months been able of buying those prices and cheaper all the time… 🤔

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
Credit to ChartBuddy and good day to all

[DaRude]

Today, the market is dumped ETF seems not to make difference to the price tho


https://twitter.com/WhaleWire/status/1748065165491188212

what do you guys think?

I think that this twitter poster does not know "maf":

0.001% is 1/100000 of value.
1/100000 of about 800 bil is 8 million.
I am 100% sure that more than 8 mil was deposited into ETFs.
In fact, it's more like 80-100X of 8 million.

But mafs are hard! It's hard to gauge how much of it is being reshuffled vs cashing out vs new money coming in. GBTC has been selling over BTC10.000/day, but others see inflows that more than offset it. Also. futures and ETFs in other countries see outflows, and now there are also rumors of miners dumping BTC10.000. So no one really knows what to make out of it thus the volatility, but what we do know is at $42k/BTC we only need $38MM of new capital inflow per day to buy up all new BTC, and that's about to drop to just $19MM/day in 3 month, and then just $9.5MM/day in about 4yrs3m...not just in ETFs but globally

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

Today, the market is dumped ETF seems not to make difference to the price tho


https://twitter.com/WhaleWire/status/1748065165491188212

what do you guys think?

I think that this twitter poster does not know "maf":

0.001% is 1/100000 of value.
1/100000 of about 800 bil is 8 million.
I am 100% sure that more than 8 mil was deposited into ETFs.
In fact, it's more like 80-100X of 8 million.

Correct. The correct value is 0.1%, and that is the daily trade value, not what is held, which is probably higher.

The total gold ETF market cap is 1.7% of all gold.

I'd say BTC has done well getting 5+% of that share within a week.

Consider that gold is a much bigger marketcap pie and the ETFs have been trading for 20 years, and importantly does not have the massive new supply limitation every 4 years.

It will be very interesting to see where this goes 4-8-12 years from now.


Furthermore, that tweet is extremely negative from the first few words. It's like saying here in the UK temperatures dropped to yearly lows yesterday. It's just stupid. The year just got started!

Not until you are about halfway through the year do I think it's acceptable to write stuff like "yearly lows" etc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

Blackrock iShare Bitcoin Trust ETF has increased their position from $499M to $707M as of 16th January 2024...

Make that $1.06B as of the 17th January 2024

+$300M in 1 day…

Upswing will come, in the meantime HODL strong and BTFD!

[OutOfMemory]

Blackrock iShare Bitcoin Trust ETF has increased their position from $499M to $707M as of 16th January 2024...

Make that $1.06B as of the 17th January 2024

+$300M in 1 day…

Upswing will come, in the meantime HODL strong and BTFD!

Always funny how a long term developing taxonomy is being evaluated from a short term view, regarding that 0,001% tweet 
It seems like the old "It's a bubble" narrative from 10 years ago managed to hold up.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WhyFhy]

Those sell walls look like steps.
While coins down a little I'm looking to earn some if y'all got any task or anything yall'd like to remotely outsource shoot me a pm.

[hisslyness]

Blackrock iShare Bitcoin Trust ETF has increased their position from $499M to $707M as of 16th January 2024...

Make that $1.06B as of the 17th January 2024

+$300M in 1 day…

Upswing will come, in the meantime HODL strong and BTFD!

Always funny how a long term developing taxonomy is being evaluated from a short term view, regarding that 0,001% tweet 
It seems like the old "It's a bubble" narrative from 10 years ago managed to hold up.

I love how you are referencing Bitcoin as a living/breathing organism!… reminds me of my early days working at a clients operation, you could stand back and just watch the place run, better than a well oiled machine…

But you are right, short term views seem to have a greater impact on people choices. Maybe it’s due to the fact attentions spans are being decimated to quarter mile times! I blame tiktok/IG Reels and YT shorts!