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

[DaRude]

Quite impressive to have a huge green candle yesterday.

The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..

ETFs inflow (besides GBTC) is $125MM in one day or about BTC1.900 in a single day, how is that close to zero!?   must i remind you that in less than a month it'd take over 4 days for global hashpower to mine that much?

There are two options, either someone is now moving from GBTC into real BTC, or we have new player outside of ETFs scooping up the corn, either way, this will too shall pass

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[Gachapin]

https://dailycoin.com/craig-wrights-troubles-stack-as-new-lawsuit-gathers-steam/

"The FaketoshiSUX organization is casting a wide net, calling on anyone and everyone wronged by Wright, Calvin Ayre, and Stefan Matthews to collect evidence, get in touch, and make their voice heard as part of the class action effort"

https://twitter.com/ryan_x_charles/status/1770121773788393858

Huh, for some reason i always envisioned this moment to be more enjoyable than it is. Oh well, guess we grew out of that silliness and now have bigger targets. Honeybadger...

wow. he finally got it.  I thought he would suck CWs dick forever.  better late than never I guess.

I can only say good luck with the lawsuit ...  I hope for another "welcome to law" moment for CW


btw he looks way more of a chad than before, when he was in the CW cuck team

[Zeunerts]

Quite impressive to have a huge green candle yesterday.

The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..

ETFs inflow (besides GBTC) is $125MM in one day or about BTC1.900 in a single day, how is that close to zero!?   must i remind you that in less than a month it'd take over 4 days for global hashpower to mine that much?

There are two options, either someone is now moving from GBTC into real BTC, or we have new player outside of ETFs scooping up the corn, either way, this will too shall pass

Bad choice of word I guess. Close to zero compared to the volume in the weeks prior. Yeah, I am well aware of the coming halving and I know this will pass sooner than we think.
Still nice to see yesterdays green dildo.

Interesting times ahead for sure.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

~snip

I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.

So xhomerx10 or BitcoinBunny purchased their account from you?
 

I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever.

Yeah I personally feel he was trying to fuck with wo heads.
Both you and xhomerx10 have posted here on the wo longer  than me.

I guess he will target me or JJG or the dude next.

No no no.
I've purchased IPTV subs from t3nzo and didn't give him an email address.  Since he's a newbie, his PMs are rate-limited which I had forgotten.   The guy deserves an "A" for effort to get in touch with me  He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs.

Ok.  I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option.    

 Thank you Mr. JJG!  Much appreciated.

 edit: I didn't look back at the original message before posting.  Thanks hisslyness and dragonvslinux as well!  You guys are awesome
 edit2: Also, thank you to criptoevangelista and vapourminer.  We have a great group of ppl in the WO!

[philipma1957]

~snip

I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.

So xhomerx10 or BitcoinBunny purchased their account from you?
 

I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever.

Yeah I personally feel he was trying to fuck with wo heads.
Both you and xhomerx10 have posted here on the wo longer  than me.

I guess he will target me or JJG or the dude next.

No no no.
I've purchased IPTV subs from t3nzo and didn't give him an email address.  Since he's a newbie, his PMs are rate-limited which I had forgotten.   The guy deserves an "A" for effort to get in touch with me  He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs.

Ok.  I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option.    

 Thank you Mr. JJG!  Much appreciated.

 edit: I didn't look back at the original message before posting.  Thanks hisslyness and dragonvslinux as well!  You guys are awesome

I gave him 11 merits and will go back and delete my posts.

[xhomerx10]

~snip

I cant respond to my DMs as I can only message twice a day due to my account status. I’ve already renewed your main account and just need to know what content you want on the second account that you purchased.

So xhomerx10 or BitcoinBunny purchased their account from you?
 

I have no idea what he is talking about. Probably the only forum I've ever visited I don't understand certain posts whatsoever.

Yeah I personally feel he was trying to fuck with wo heads.
Both you and xhomerx10 have posted here on the wo longer  than me.

I guess he will target me or JJG or the dude next.

No no no.
I've purchased IPTV subs from t3nzo and didn't give him an email address.  Since he's a newbie, his PMs are rate-limited which I had forgotten.   The guy deserves an "A" for effort to get in touch with me  He's a stand-up guy who deserves a merit so he can get to junior status so we don't have to resort to alarming people in the WO rather than keeping to the PMs.

Ok.  I sent an smerit based on your recommendation... and now the message is making sense and that there can be some difficulties getting ahold of some other members if DMs are not an option.    

 Thank you Mr. JJG!  Much appreciated.

 edit: I didn't look back at the original message before posting.  Thanks hisslyness and dragonvslinux as well!  You guys are awesome

I gave him 11 merits and will go back and delete my posts.

 Thanks philipma1957.  I can understand how the post would cause some concern though!

[LFC_Bitcoin]

Adam Back
@adam3us
The BTC ETFs are still not priced in.
https://x.com/adam3us/status/1770714302833365246


Adam Back
@adam3us
Consider:

- bankruptcies run out of GBTC in not many days now.

- then we feel $500-$1bil/day ETF buy walls.

- when there's buy side net flow OTC flow to spot

 - ETF sales channels are just warming up. Many not yet setup with training, approvals.

- exchange balances falling
https://x.com/adam3us/status/1770776420299542603


Adam Back
@adam3us
People who sold sub $100k to @saylor and ETF inflow should just delete their exchange sell limit orders, better yet get off exchange and cold store.
https://x.com/adam3us/status/1770777070152437878

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

Adam Back
@adam3us
The BTC ETFs are still not priced in.
https://x.com/adam3us/status/1770714302833365246


Adam Back
@adam3us
Consider:

- bankruptcies run out of GBTC in not many days now.

- then we feel $500-$1bil/day ETF buy walls.

- when there's buy side net flow OTC flow to spot

 - ETF sales channels are just warming up. Many not yet setup with training, approvals.

- exchange balances falling
https://x.com/adam3us/status/1770776420299542603


Adam Back
@adam3us
People who sold sub $100k to @saylor and ETF inflow should just delete their exchange sell limit orders, better yet get off exchange and cold store.
https://x.com/adam3us/status/1770777070152437878

It makes sense.

This latest price drop involves a lot of manipulation to transfer bitcoins from the hands of sardines to the hands of whales...

Are there months of waiting to sell at 60k? It doesn't make sense... it's like being a virgin, saving money for months, hiring a luxury prostitute and ejaculating in 30 seconds.  

[dragonvslinux]

Quite impressive to have a huge green candle yesterday.

The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..

Wasn't expecting that, would of thought inflows were positive based on the buying pressure. 3.8K Bitcoin is a fair amount of corn to scoop up from ETFs. Reclaiming $69K will likely bring back the ETF volume imo though, this would help to nullify the fake-out ATH scenario with a bullish weekly wick. Either that or $68K get's confirmed as a resistance level for the time being. This is otherwise the first real test of short-term resistance since $40K levels based on cloud, MAs and volume, so I can understand with the hesitancy from ETF investors on this one, given they quite clearly aren't in the market to buy dips.

[UnDerDoG81]

Anyone else thinks this is a fake relief rally? I’m
About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

Anyone else thinks this is a fake relief rally? I’m
About to make the decision I talked here before to sell 10% of my Bitcoin at certain stages. 69k was the first stage to sell 1%. But I’m ok with 67k right now. I have the feeling we will dump further and stabilize until few months after halving. Would be nice to have some powder to buy back deeper. As I am 100% into bitcoin and have nothing else on the side lol

Who knows...

The ETFs in and out flows appear to be controlling the price quite a bit at the moment from what I can see. We are dipping again, now that GBTC has sold another 3000 BTC via Coinbase.

I am totally not obsessed with GrayScale, regardless of what some people may think. I've even explained in one post that I think it's just another single hump in the road like SO MANY distractions we are constantly faced with, when speculating about the price and the reason for its movements.

But absolutely, I think when GrayScale outflow stops (which will happen soon) and the halving has happened, I think the sky is the limit to BTC's price in fiat currencies.
We will definitely see a 100K+ BTC in 2024 and latest in 2025 I would have thought.

The time frame will always be the uncertainty.

Now that self custody is no longer a concern for perhaps many potential BTC buyers in the future, who may have been apprehensive in the past, certainly for institutions, with the multiple ETFs existing, I wouldn't be too sure about revisiting sub 50K BTC prices ever again.

The Fed talked about 3 rate cuts + political changes with the US / UK elections in the autumn could bring more bullish price action, or not. etc.

[LFC_Bitcoin]

Full send 🚀



Jelle
@CryptoJelleNL
In the past 9 years, BTC has generated the bulk of its returns in overbought conditions.

A high RSI isn't bearish. In fact, it's bullish.

Send it higher.

https://x.com/cryptojellenl/status/1770811907210895785

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[aesma]

Quite impressive to have a huge green candle yesterday.

The ETF inflows is close to zero and the outflows (GBTC) is high.
Shows the stupidity of people I guess, when prices were soaring, people were buying ETFs like crazy. Now, a week later when BTC is cheaper, they are nowhere to be seen..

FOMO

I spent all my money already, but at half these prices :p