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

[goldkingcoiner]

well I got dip at

56,565
57,585
57,555



55,555 missed out

we just got over 64k lets see how much we do by Monday.

I missed 56 and 57K but I got a buy in @ 58K. I think if the price gets rejected around 64k and falls by the end of the day then we will bounce back and forth between 64 and 58K for a while

Selling your Bitcoin is, was and always will be a bad choice.

[Hueristic]

Visual aid for the uninitiated.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ivomm]

https://x.com/bitmexresearch/status/1786516460438688010


Is the Grayscale dumping over?

That was...unexpected. One off? Who's buying into a fund with 1,5% fees  

I don't trust all these twitter stats. There is a huge difference between them and https://platform.arkhamintelligence.com/explorer/entity/grayscale where every transaction can be seen. According to it, yesterday was again negative with 1900BTC outflows and 0 inflows. The day before that 1000BTC inflows and 4200BTC outflows. I don't know where this huge difference is coming from, but it is a fact. Even if we don't count the non labeled addresses, the outflows are still much bigger than all twitter accounts report.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Leahized]

https://youtu.be/9aKwrBMWmO4

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

https://youtu.be/9aKwrBMWmO4

You should post this with a title so people know what the video is about before they click on it.

Also, you can use BBcode to create a linkable title text like this:

Code:

[url=https://youtu.be/9aKwrBMWmO4]Why do these African shacks have Bitcoin logos?[/url]

and it turns into this:

Why do these African shacks have Bitcoin logos?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DaRude]

https://x.com/bitmexresearch/status/1786516460438688010


Is the Grayscale dumping over?

That was...unexpected. One off? Who's buying into a fund with 1,5% fees  

I don't trust all these twitter stats. There is a huge difference between them and https://platform.arkhamintelligence.com/explorer/entity/grayscale where every transaction can be seen. According to it, yesterday was again negative with 1900BTC outflows and 0 inflows. The day before that 1000BTC inflows and 4200BTC outflows. I don't know where this huge difference is coming from, but it is a fact. Even if we don't count the non labeled addresses, the outflows are still much bigger than all twitter accounts report.

Haven't used that site so can't comment where the difference is coming from, but that info lines up with https://farside.co.uk/?p=997 and typically with bloomberg data (although i haven't seen bloomberg data for friday yet). On top of that https://etfs.grayscale.com/gbtc is currently showing  "As of 05/03/2024 Total Bitcoin in Trust 291,238.7864" i believe the stats are before the market opened on that day, that is they had 291,238.7864BTC at closing on Thursday the 2nd. So if everything is correct GBTC should have about BTC1k inflow on Friday or BTC292k+ in trust at opening on Monday, that should be reflected in their stats once they update it on Monday.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DirtyKeyboard]

ChartBuddy's Daily Wall Observation recap
..
All Credit to ChartBuddy

[As-Soon-As]

Morgan Stanley out with new research suggesting that BTC miners are the fastest path to put new data centers online because they already have access to huge amounts of power. Their models show BTC miners trade at a large discount to the intrinsic value of their secured power. Source