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

[ChartBuddy]

Explanation
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[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
All hail ChartBuddy

[ChartBuddy]

Explanation
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[El duderino_]

Last time ever under 40K?

Lets hope so
would be very well earned for us hardcore HODLers

[ChartBuddy]

Explanation
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[BitcoinBunny]

Time to leave the $3x,xxxs behind forever.

[BitcoinBunny]

My friends; have no doubt.... 

[ChartBuddy]

Explanation
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[cygan]

if anyone is interessted: [SALE] Icarus Timeline Edition 01/2024 (designed by vizique)🔐🕰️
sale started yesterday

[ChartBuddy]

Explanation
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[Ambatman]

Last time ever under 40K?

Last year? Yes (90.98%).
Last time?  Not sure

All eyes on Bitcoin,awaiting the halving.
Individual with FUD are still waiting for 32K
I pity them though.

[OutOfMemory]

My friends; have no doubt....  

Yeah, but those climate-crisis-evangelists...
Headlines like these are like candy for them, on the other hand.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[cygan]

[ChartBuddy]

Explanation
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[ivomm]

Grayscale deposited 14,487 $BTC($579M) to #CoinbasePrime and 4,750 $BTC($189.8M) to new wallets again 10 mins ago. #Grayscale has deposited 93,700 $BTC($3.85B) to #CoinbasePrime since the #ETF was passed. And currently holds 519,399 $BTC($20.84B).
https://twitter.com/lookonchain/status/1750167124150993345
https://platform.arkhamintelligence.com/explorer/entity/grayscale

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The question no one is raising is whether the transfer of Bitcoins from Grayscale to Coinbase Prime constitutes a mandatory sale, and what type is it? To the best of my knowledge, coinbase prime is not an exchange in its own right, but rather a licensed custodian and seller of bitcoins. They use several exchanges when selling and buying, I guess Coinbase, Kraken, etc. We see 15K bitcoins going into coinbase prime every day. But are they all for sales? It strikes me that since the drop below 40K the trading volume on Coinbase is quite low - about 25K bitcoins in 24 hours, something that was before the ETF. This means that no major selling has actually occurred from Coinbase Prime. Whether the ETF allows to request a limit sale - at a certain price, I do not know, I have never worked with an ETF. Or, there is a possibility that they are not currently for sale, but that Grayscale expects such sales in the coming days and is preparing. There is also a considerable part transferred to new addresses. What's going on with Grayscale is suspicious, to say the least. Apparently they are trying to lie to the SEC that Genesis is not bankrupt by inducing sales to cover their liabilities. Whether they will succeed is rather doubtful. Practically every company which went bankrupt - FTX, Alameda, etc., was involved with Grayscale, to say the least. Some even claim that they went bankrupt thanks to Grayscale and Genesis in particular. Everything is described in detail in this long thread: https://twitter.com/real_vijay/status/1721385528510251182 . At any moment, the SEC could end its investigation and charge them with fraud and manipulation and shut down their company and their ETF. Maybe that's why Barry is keeping quiet and letting the bitcoins drain from his trust.

[Biodom]

At any moment, the SEC could end its investigation and charge them with fraud and manipulation and shut down their company and their ETF.

Or, maybe you just make s-t up...I wonder what is more likely?