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

[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

[LoyceV]

If this Owen Gunden thing is real

Who?
Google tells me it's someone who sold 11k BTC since October, and finished the last part of his sale today. That raises 2 questions: 1. why doesn't an early Bitcoin investor care about his privacy, and 2. why is this relevant now, when a 80k BTC sale a while back only caused a small dip in price?

[BTCETFInvestor]

If this Owen Gunden thing is real

Who?
Google tells me it's someone who sold 11k BTC since October, and finished the last part of his sale today. That raises 2 questions: 1. why doesn't an early Bitcoin investor care about his privacy, and 2. why is this relevant now, when a 80k BTC sale a while back only caused a small dip in price?

The legendary Bitcoin OG, Owen Gunden, isn’t done yet. Earlier today, he transferred 3,601 $BTC , worth a staggering $372.14 million, to the address bc1qa02p4sytf08mg8k4evn230rsvam3tl8fwnaj76.

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

[LoyceV]

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

403 on Tor browser. That's why you shouldn't just use a link dump, but post what it's about.

[BitHodlers]

If this Owen Gunden thing is real

Who?
Google tells me it's someone who sold 11k BTC since October, and finished the last part of his sale today. That raises 2 questions: 1. why doesn't an early Bitcoin investor care about his privacy, and 2. why is this relevant now, when a 80k BTC sale a while back only caused a small dip in price?

It is not relevant in my opinion. People are just trying to find a narrative that explains the market, and when they are desperate anything will do. Just a while back on X it was because quantum computers will break Bitcoin in a few years or some other nonsense that was being spread.  

[DaRude]

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.

The big question is how much of a "convenience" it really is vs holding your own keys, and how much are you ready to pay for that "convenience". If the cost is manipulation (loaning your paper BTC to shorters or naked shorting) and institutional control of Bitcoin, then any bitcoiner will see that ETFs are a road to hell, but it's a very nice, smooth, and convenient road, with people waving, smiling, and throwing compliments at you of how smart you really are to drive on it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

403 on Tor browser. That's why you shouldn't just use a link dump, but post what it's about.

Link dumps make me  

At least this one had context, I suppose.