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

[JayJuanGee]

JJG - I have recently (as recent as today in fact) bought more spot Bitcoin ETF, and plan to add more in the months ahead... I'm tracking the price equivalent of more than 5 BTC.

Well, good for you in terms of the ongoing buying BTC price exposure (even though not the real corn).

JJG - I hope you can agree with me that the Abu Dhabi Investment Council is quite experienced and very capable of making good investments!

The Abu Dhabi Investment Council knows that buying spot Bitcoin ETFs is an excellent way to invest in BTC. Experienced investors do not have to buy and self-custody the coin to reap the future gains in BTC we all expect!

Abu Dhabi Council Triples Bitcoin ETF Stake: The Abu Dhabi Investment Council nearly tripled its stake in BlackRock spot Bitcoin ETF (Ticker: IBIT)

► https://www.altcoinbuzz.io/cryptocurrency-news/abu-dhabi-triples-bitcoin-etf-stake-despite-losses/

So what. Even if investing in the spot Bitcoin ETF might be perceived as good for some kinds of players (such as institutions, governments and even individuals with certain kinds of restricted accounts), it is still not real bitcoin... and the mere fact that institutions, governments and some individuals with restricted accounts proclaim that there is no need for self-custody, that does not make their claim true, even if you perceive them to be the smartest peeps in the world.  

You believe that certain kinds of entities have authority over this self-custody topic merely based on their both being rich and their proclaiming self-custody is not necessary?  For sure you are appealing to authority rather than really recognizing the basics about a derivative product being inferior to the underlying causing you to continue to argue this point and trying to convolute the value of bitcoin in your ongoing attempts to suggest that spot Bitcoin ETFs are superior to holding actual bitcoin?

Reminder: We are making fun of mindrust, because he claimed to be cool as ice for the whole bear market, claiming he would hold his corn with diamond hands and not ever thinking about selling.
The he sold overnight, at the bottom of the final bear capitulation candle, shortly before the accumulation phase prior to the next bull market started (was it at $4k, IIRC? ...or maybe $9k-ish?).

Mindrust sold around 4k. I'll never forget that day.

Ditto, He was spouting off how it was going to go down to $1500 because his astrologer Masterluc told him so.

We all tried to save him but he had no interest in buying back and he had a few days or a week IIRC to do that.

Mindrust was always kind of nervous, even in the whole year prior to his March 12, 2020 breakdown. and we were largely staying above $6k.. and we had even tested $6k several times and had a short run into the $10ks in late February early March... So largely we dropped from $7,200 down to $3,800 in a fairly short period of time, yet early in the drop (like around $5,500) mindrust said that he bought and got above 10 BTC, but then a few hours later he said that he sold all 10 BTC at around $4,500.

It did end up taking several days before the BTC price resumed up, so it had a bit of a bounce up to $5k and then dropped below his sales price of $4,500 again which caused several guys to suggest to him to buy everything back.. or at least buy back a good percentage, yet he insisted that he was not buying back until something like below $2k, based on his following Masterluc (like you mentioned).. so mindrust was a bit stubborn even though he was continuing to post and even said that he is never returning to this thread.

[BTCETFInvestor]

Reminder: We are making fun of mindrust, because he claimed to be cool as ice for the whole bear market, claiming he would hold his corn with diamond hands and not ever thinking about selling.
The he sold overnight, at the bottom of the final bear capitulation candle, shortly before the accumulation phase prior to the next bull market started (was it at $4k, IIRC? ...or maybe $9k-ish?).

Mindrust sold around 4k. I'll never forget that day.

Ditto, He was spouting off how it was going to go down to $1500 because his astrologer Masterluc told him so.

We all tried to save him but he had no interest in buying back and he had a few days or a week IIRC to do that.

I don't know this story, but please tell me this is some joke that I don't get. He sold at $4k because his astrologer told him it will go down even more? 

@BitHodlers - This place has some strange people, history, backstories, phrases, words and such that most people can't make sense of. 

[vapourminer]

Let's say for example it is the "OG" bitcoiners selling, at this price they won't be selling anymore. Would you? so it either stops dropping soon or something else is definitely afoot in which case my view may change. Even if we hit 75k though that is still only just hitting the April low.

If I didn't sell at $120k, I'm sure as hell not selling now. History taught me to just sit it out again.

i think somac is right. as im one of those who sold supra 120k this run. enough to hang if a bear market decides to come visit.

[BTCETFInvestor]

JJG - I have recently (as recent as today in fact) bought more spot Bitcoin ETF, and plan to add more in the months ahead... I'm tracking the price equivalent of more than 5 BTC.

Well, good for you in terms of the ongoing buying BTC price exposure (even though not the real corn).

JJG - I hope you can agree with me that the Abu Dhabi Investment Council is quite experienced and very capable of making good investments!

The Abu Dhabi Investment Council knows that buying spot Bitcoin ETFs is an excellent way to invest in BTC. Experienced investors do not have to buy and self-custody the coin to reap the future gains in BTC we all expect!

Abu Dhabi Council Triples Bitcoin ETF Stake: The Abu Dhabi Investment Council nearly tripled its stake in BlackRock spot Bitcoin ETF (Ticker: IBIT)

► https://www.altcoinbuzz.io/cryptocurrency-news/abu-dhabi-triples-bitcoin-etf-stake-despite-losses/

So what. Even if investing in the spot Bitcoin ETF might be perceived as good for some kinds of players (such as institutions, governments and even individuals with certain kinds of restricted accounts), it is still not real bitcoin... and the mere fact that institutions, governments and some individuals with restricted accounts proclaim that there is no need for self-custody, that does not make their claim true, even if you perceive them to be the smartest peeps in the world.  

You believe that certain kinds of entities have authority over this self-custody topic merely based on their both being rich and their proclaiming self-custody is not necessary?  For sure you are appealing to authority rather than really recognizing the basics about a derivative product being inferior to the underlying causing you to continue to argue this point and trying to convolute the value of bitcoin in your ongoing attempts to suggest that spot Bitcoin ETFs are superior to holding actual bitcoin?

JJG - I expected no less from you! It's really sad that you (a kibitzer/buttinsk that likes to give unsolicited advice using many words) cannot understand the validity of ETFs, but the entire financial world easily does...

You can poo-poo ETFs all you want but you're making a fool of yourself because all financial experts worldwide know that owning ETFs are excellent ways to invest in the underlying asset.    

Financial experts worldwide agree that ETFs are powerful tools for investing in underlying assets, offering diversification, liquidity, and cost efficiency as effective vehicles for gaining exposure to underlying assets. ETFs have become a cornerstone of modern portfolios. In 2024, about 16.9 million U.S. households owned ETFs, reflecting their mainstream adoption.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

It would make sense to have a less deep bear market after a disappointing bull market.

I think so too. But am I just coping?

[Richy_T]

I don't know how stupid one has to be to had a whole year to sell over 110K and selling now at 80K. Anyone can check the stats, but I'm certain that millions of bitcoins were sold in the last month. Why are we making fun of mindrust then, at least he didn't realize a loss! And all new investors sold at a 30% loss. Not to mention the long liquidations. They have 100% losses guaranteed by default. But the same goes for all the holders who sell at these prices. This is a disgrace! For me, they can no longer boast that they were ever real hodlers who believed in the idea of ​​bitcoin. For me, they are in the same category as mindrust, regardless of the fact that they made some profit. In just a few years, they will see how their fiat is worthless and they cannot buy the things they planned. At the same time, bitcoin remains the only protection against inflation and salvation from any financial crisis or stealing by banks/governments.

Bull runs have always on-boarded many make-money-fast weak-hands types. Any time things get a bit choppy, these people make for the exits. Especially true if they're still 'in profit' (and in that case, who can really blame them). This is, I believe exacerbated by market manipulators as these people are easily manipulated. The options people certainly are unhelpful too but I assume they're a mixed-bag.

[Richy_T]

Any idea how they identified him? I know I was surprised when one of the blockchain watching sites (was it blockchain.info?) linked wallets to addresses scraped from bitcointalk way back when but it seems like this would have required some kind of breach of privacy. (I did check to see if he was a bitcointalker but turned up nothing).

[Gachapin]

Almost $1 billion longs liquidated.  

Week and monthly RSI could be more streched down with a capitulation red candle.

They are speed running the bear market for a total reset, short and heavy wrapped as the biggest bear trap ever.

Remember the first peak 2021 64k, a few weeks of chop then 60k, then down to 30k in 2 weeks. This is kind of running the same way, of course later in 2021 it printed a new high of 69k, no one expected that at the time. Just saying.

"They" might do the same again. And when everybody expects a kind of double top like last cycle "they" pump it to 400k.... #hopium

[LFC_Bitcoin]

Except that Bitcoin's price is still 20 times higher than when Covid struck.

I was referencing the widespread dumping and % of price fall. Covid was mid cycle ‘ish’ so I always thought that the price would recover quickly and reach new ATHs at worst the year after. There are posts of mine around the mindrust time with me buying multiple full Bitcoin. It was an easy buy.

This is a bit different because it’s the end of the bull market probably and if history repeats, we won’t see an ATH for a couple of years at least.

[Richy_T]

If this Owen Gunden thing is real, I would hope to see a little recovery soon but we appear to be continuing to slide.

[jahloverastaone]

I don't know how stupid one has to be to had a whole year to sell over 110K and selling now at 80K. Anyone can check the stats, but I'm certain that millions of bitcoins were sold in the last month. Why are we making fun of mindrust then, at least he didn't realize a loss! And all new investors sold at a 30% loss. Not to mention the long liquidations. They have 100% losses guaranteed by default. But the same goes for all the holders who sell at these prices. This is a disgrace! For me, they can no longer boast that they were ever real hodlers who believed in the idea of ​​bitcoin. For me, they are in the same category as mindrust, regardless of the fact that they made some profit. In just a few years, they will see how their fiat is worthless and they cannot buy the things they planned. At the same time, bitcoin remains the only protection against inflation and salvation from any financial crisis or stealing by banks/governments.

Amazingly stupid is all I can think of. Which makes me think this thing is coming to an end soon. Stupid people couldn't have accrued many more coins than what has already sold, surely. 

has NOTHING to do with this and NVIDIA ===> keys per day: 3.62 tn https://lbc.cryptoguru.org/stats WEEEEEEEEEE FREE BITCOIN!!!! LOL

[OutOfMemory]

Except that Bitcoin's price is still 20 times higher than when Covid struck.

I was referencing the widespread dumping and % of price fall. Covid was mid cycle ‘ish’ so I always thought that the price would recover quickly and reach new ATHs at worst the year after. There are posts of mine around the mindrust time with me buying multiple full Bitcoin. It was an easy buy.

This is a bit different because it’s the end of the bull market probably and if history repeats, we won’t see an ATH for a couple of years at least.

Yeah, actually i can remember you were buying the bottom (after selling near the preceding top, congrats!).
I didn't have fiat at the time, because i already bought earlier (higher) in the bear market, when my last buys were $10k-$12k (-ish).
At the time i wasn't confident enough to "time the market" to wait, and even if i had waited, i had no idea which ladders to define for buys, i did it all manually (limit buys) back then.

EDIT: It's amazing how microdosing improves my memory. It's not that memories are brought back, because they were always there, but not the moment i needed them.
But, when i'm off for a day everything is the same old mess again. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[jahloverastaone]

JJG - I have recently (as recent as today in fact) bought more spot Bitcoin ETF, and plan to add more in the months ahead... I'm tracking the price equivalent of more than 5 BTC.
https://i.ibb.co/wFzmmgBB/Screenshot-2025-11-20-210239.png

Well, good for you in terms of the ongoing buying BTC price exposure (even though not the real corn).

JJG - I hope you can agree with me that the Abu Dhabi Investment Council is quite experienced and very capable of making good investments!

The Abu Dhabi Investment Council knows that buying spot Bitcoin ETFs is an excellent way to invest in BTC. Experienced investors do not have to buy and self-custody the coin to reap the future gains in BTC we all expect!

Abu Dhabi Council Triples Bitcoin ETF Stake: The Abu Dhabi Investment Council nearly tripled its stake in BlackRock spot Bitcoin ETF (Ticker: IBIT)

► https://www.altcoinbuzz.io/cryptocurrency-news/abu-dhabi-triples-bitcoin-etf-stake-despite-losses/

https://i.ibb.co/chQBG6Gx/Screenshot-2025-11-21-065654.png

So what. Even if investing in the spot Bitcoin ETF might be perceived as good for some kinds of players (such as institutions, governments and even individuals with certain kinds of restricted accounts), it is still not real bitcoin... and the mere fact that institutions, governments and some individuals with restricted accounts proclaim that there is no need for self-custody, that does not make their claim true, even if you perceive them to be the smartest peeps in the world.  

You believe that certain kinds of entities have authority over this self-custody topic merely based on their both being rich and their proclaiming self-custody is not necessary?  For sure you are appealing to authority rather than really recognizing the basics about a derivative product being inferior to the underlying causing you to continue to argue this point and trying to convolute the value of bitcoin in your ongoing attempts to suggest that spot Bitcoin ETFs are superior to holding actual bitcoin?

JJG - I expected no less from you! It's really sad that you (a kibitzer/buttinsk that likes to give unsolicited advice using many words) cannot understand the validity of ETFs, but the entire financial world easily does...

You can poo-poo ETFs all you want but you're making a fool of yourself because all financial experts worldwide know that owning ETFs are excellent ways to invest in the underlying asset.    

Financial experts worldwide agree that ETFs are powerful tools for investing in underlying assets, offering diversification, liquidity, and cost efficiency as effective vehicles for gaining exposure to underlying assets. ETFs have become a cornerstone of modern portfolios. In 2024, about 16.9 million U.S. households owned ETFs, reflecting their mainstream adoption.

/\BTC is an ETF in and of itself stop and think greenhorn \_o_o_/ bitcoin etfs are obviously to only serve and reward the wall street middlemen and hedgefund managers !

[asUHWEceyc]

Interesting https://xcancel.com/_The_Prophet__/status/1991789044087586861#m

...

Yes, it confirms a forced seller or broken execution system.

Yes, this is the last echo of the October 10 fracture.

Or entitties working hard to drive price down- otherwise the dumping would be into strength and volume to maximize price on a large sale. FWIW Conbase has been leading the way down the wheelchair ramp the entire time, making spot arb spreads with ie finex by up to $500 until this morning when they briefly flipped to the upside.

How many total coins does it take to dig 25k* in two weeks nowadays?

[xhomerx10]

Reminder: We are making fun of mindrust, because he claimed to be cool as ice for the whole bear market, claiming he would hold his corn with diamond hands and not ever thinking about selling.
The he sold overnight, at the bottom of the final bear capitulation candle, shortly before the accumulation phase prior to the next bull market started (was it at $4k, IIRC? ...or maybe $9k-ish?).

Mindrust sold around 4k. I'll never forget that day.

Ditto, He was spouting off how it was going to go down to $1500 because his astrologer Masterluc told him so.

We all tried to save him but he had no interest in buying back and he had a few days or a week IIRC to do that.

I don't know this story, but please tell me this is some joke that I don't get. He sold at $4k because his astrologer told him it will go down even more? 

  I remember him saying got out while he was even.  He had bought a few but then bitcoin tanked an he got scared - sold at the first possible time to get out "unscathed" but as some here knew, that is a relative term.  Personally, I think he was scathed.

[BTCETFInvestor]

Bitcoin sell-off sign of market revising from 'excessive optimism'

► https://finance.yahoo.com/video/bitcoin-sell-off-sign-market-160536392.html

[BTCETFInvestor]

If this Owen Gunden thing is real, I would hope to see a little recovery soon but we appear to be continuing to slide.

@Richy_T - I think it absolutely is real...

► https://www.binance.com/en-AE/square/post/32108031319722

[Btcdeybodi]

Seems some people were just born to remain poor, even at the low they are still selling .

This makes me to wonder who is selling, the old investors or the new investors?

I don't think the old investors are the ones liquidating the market because they wouldn't be so foolish to sell now, knowing that an ATH of $126k was created but they weren't moved to sell so why should it be now

Huge volume of $144 Billion in the past 24 hours and nearly $1 Billion in positions wiped out in just one hour!

► https://finance.yahoo.com/news/1-billion-wiped-1-hour-114457045.html