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

[ChartBuddy]

Explanation
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[The Founding Titan]

If Satoshi were alive today he would probably be laughing, Seeing how far Bitcoin has come today, Satoshi is truly a legend

A legend through and through, his/their efforts are the reason behind the success of digital currencies, bitcoin being the most important or as some people might say; the only important one.
But I don't think there have been any actual proof of him being dead, sure there has been no form of communication or anything to prove that his is still alive but right now anything said about his whereabouts is just speculation.

For all intents and purposes, it is safer to presume that Satoshi is dead rather than not dead, even though surely there is nothing wrong with speculating in regards to what he might do, say or think about bitcoin or any other topic, if he were not to be dead.

It is similar to the expressions about other famous and/or influential persons.  "What would [name and insert your famous and/or influential person here] do?"

I am not even proclaiming bitcoin as a religion, even though surely it is an amazing paradigm shifting phenomena that deserves whatever awe that is thrown in its direction.

I suppose it makes sense in a way, while there is no way to prove that he is dead there is also no way to prove that he is dead, a person's opinion is their, if a person hasn't been active in over a decade then death isn't very unlikely to be the cause, but since we don't know for sure we can always still reference him in situations like this one where we are talking about bitcoin and what is to become of it in the long run just like you said; what would Satoshi do? when he was still active I was relatively too young to get involved much so right now he is like some historical figure that did something no one else could and has changed the course of the world for it. I'm just going to say it again Satoshi was and still is a Legend.

[goldkingcoiner]

I imagine a LOT of people in BTC for 10+ years are using their value for things other than savings now.

Having a large amount of savings is cool. However, there are things out there that are cooler…

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Abelly]

I imagine a LOT of people in BTC for 10+ years are using their value for things other than savings now.

Having a large amount of savings is cool. However, there are things out there that are cooler…



Don’t get caught up thinking you’ll live forever. You should use Bitcoin to improve your life, not let Bitcoin use your life to increase its price.

Bitcoin should be helpful in our lives, not by taking control of them
 but by improving their quality!

[cAPSLOCK]

The burger chain now holds Bitcoin in their treasury and donates 210 sats per meal to OpenSats.

They even said using BTC payments helped them cut card fees by almost 50%.

This is what real adoption looks like, businesses actually using Bitcoin, not just trading it.

Steak ‘n Shake has launched a Bitcoin treasury, pledging to store all BTC payments from restaurant sales in a strategic reserve.
For every “Bitcoin Meal” sold, the company will donate 210 sats to OpenSats, supporting Bitcoin Core and open-source development.
The chain credits Bitcoin users for driving double-digit sales growth and cutting payment processing fees by roughly 50%.

I ate there tonight in fact.

[ChartBuddy]

Explanation
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[Abelly]

So they can accumulate from three main sources now.

1.  Miners.  Whatever the miners are selling is getting snapped up every day.
2.  OGs.  There are thousands of bitcoiners who are at a point now who feel they can live off their bitcoin, while being able to survive even the unlikely ~80% winter.  There will be more of these people each cycle (or period of time). And even the ones who were set in one of the last "cycles" may still be selling.  Even if they are selling just small amounts to maintain a baseline lifestyle I would imagine there are enough to provide quite a bit of the reason why we are flat for 2025.
3.  The people who either do not understand bitcoin or are just weak.  People who see it as an investment.  Maybe got into an ETF and now want to lock in the "gains" before the crypto bear they hear about constantly.

Best way to shake as many coins loose from each?

1.Miners: Natural sellers with big capex/opex and razor thin margins (always selling)
2.OGs: Create confusion by violating all established tradable patterns. Convince em wild wild gains are over but winters might not be- and that this is a good, historically high price to sell at for "diversification", bear "hedging" and the finer things in life. (currently happening)
3.Noobs: Scare/greed em out on 10-20% moves in either direction. "CUT YOUR LOOSE" (currently happening)

My guess is number 2 more than anything else.

If you got in early but not a crazy amount of coins say 50 coins or less

Selling 2  gives you 220k which could allow a long hodl

But many in that spot may be selling 10 coins which could allow for 7 to 8 years of living.

Agree... I think assuming that someone with double digit BTC holdings could be either selling as you suggest or even doing the DCA sort of withdrawals.  Older holders might not need as much behind while the younger ones might want to start this with a bigger stack.  At a 0.5-1.5 BTC/year burn rate even a family can be supported.  And if the person keeps outside income then the number can be less.

I imagine a LOT of people in BTC for 10+ years are using their value for things other than savings now.

In which case the buy pressure is NATURALLY biased more to the sell at retail than it has been in the past.  While the buying pressure is in the dark pools of OTC.

Finally... here is a chart of the balances held in exchanges...  It has been dropping for more than a year and is accelerating seemingly.

I agree with you, it is a completely logical observation, long-term holders are now gradually using their accumulated BTC to meet living expenses, or to invest in new opportunities, this is creating natural supply pressure in the market, but it is not a panic sale like before, but rather an indication of stable usage.

At the same time, the continuous decline in exchange balances shows that real holders are now also, Self Custody, which is a bullish signal in the long term.

The retail buying avalanche or, Retail bias, is increasing especially because new investors have made small amounts of DCA, while the old ones have gradually withdrawn, it is actually a kind of generational change, those who saved before are now using, and those who are new are starting to collect!

[ESG]

~
Explanation
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 -Hey Buddy, you haven't rested for more than days...and the waxingMoon today, are together with jupiter and saturn, and least three days to full moon...still the price are not more full...when full price?
....

-i did a searsh about hunt crabs, and assistant ai of browser, answer this >

I've hunted for those, although where I live there is no sea, sometimes I go, and it's been a while,
  I always set some traps. And they screw into the lines of the net, just put it in the hot water and it's ready.

-Tasty and nutritious.

[ChartBuddy]

Explanation
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[DaRude]

I imagine a LOT of people in BTC for 10+ years are using their value for things other than savings now.

Having a large amount of savings is cool. However, there are things out there that are cooler…



Don’t get caught up thinking you’ll live forever. You should use Bitcoin to improve your life, not let Bitcoin use your life to increase its price.

And how exactly that crap on wheels will improve my life?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[El duderino_]

Will we see another Sunday pump?

[El duderino_]

I imagine a LOT of people in BTC for 10+ years are using their value for things other than savings now.

Having a large amount of savings is cool. However, there are things out there that are cooler…



Don’t get caught up thinking you’ll live forever. You should use Bitcoin to improve your life, not let Bitcoin use your life to increase its price.

And how exactly that crap on wheels will improve my life?

Its not about the car... everyone got his own guilty pleasures, mine for example is having time to do my things, like being able to crossfit in the morning at 10 o clock, doing a lot of holidays and exploring different places...

for some its a cybertruck it seems...

We all just have some different ideas of what pleasure etc is.

[ChartBuddy]

Explanation
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[AlcoHoDL]

Will we see another Sunday pump?

For today, it's trying, but not quite there.

But sure, we will see a lot of Sunday pumps.

[ChartBuddy]

Explanation
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