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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[weallbitcoiners]

Member when 69420 was funny?

It still is.

I am 69 years old and I purchased 0.00420 btc today

I like your spirit just because of this I also done some emergency buying on this price its looking good.

[vapourminer]

I took an online 15 minute IQ test and my results were higher than Einsteins. So I think maybe the IQ claims are not all myths. Mine obviously wasn't.

mine was barely 200% lower than Einsteins so ima super duper genius too

What are the odds to have two super duper geniuses in this here very thread, and even having a super intelligent conversation with each other.

listen you.. stay out of this, this conversation is for super duper genius level peeps ONLY

go take your own Dunning-Kruger test dude and let us know

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[CryptoYar]

I was expecting more of a panic dump from Saylor selling Bitcoin despite saying he never would... Is he testing the waters with 32 BTC? Are we in for another sell? Where is the panic?

A 9.39% drop in a week isn't enough? It sounds like a genius strategy (from a company named "Strategy"): sell for 2 million, drop the price by 10%, and buy for 2 billion again as he's been doing for a very long time. If that's the strategy, this basically saves them 200 million dollars in the short term.

Playing 4D chess with just 32 BTC sounds like a legendary move, but letting a measly $2 million sale crash a trillion-dollar asset by nearly 10% is giving Saylor way too much wizard power!

Saylor didn't crash it; he just took advantage of the natural pullback to clear some debt and prepare for the next big buy.

It's a hilarious theory, but the 9.39% drop is just routine macro volatility.

[weallbitcoiners]

The balance of power is now shifting, but Saylor needs to understand Donald Trump is not looking good with this change.  

Having balance is always good for all stakeholders.

[philipma1957]

I took an online 15 minute IQ test and my results were higher than Einsteins. So I think maybe the IQ claims are not all myths. Mine obviously wasn't.

mine was barely 200% lower than Einsteins so ima super duper genius too

What are the odds to have two super duper geniuses in this here very thread, and even having a super intelligent conversation with each other.

listen you.. stay out of this, this conversation is for super duper genius level peeps ONLY

go take your own Dunning-Kruger test dude and let us know

yeah my 139(with pot) and 147(pre pot) scores are just not good enough.

As for balance of power changing oh well I did sell silver at 110-118 and purchased back at 74-80.

[AlcoHoDL]

She's having a hard time. I tell her not to stare at the chart. And she did not know her seltzers were alcoholic. She needed something to wash down all that salty Fofcor.

Oh my. She's been taking it very badly it seems... Charts are not her thing, especially now...

But she's holding her shape quite well. She's still young.

I think she should give that Cyclist Theory book a second try. It should help her understand what's happening and realize she must be patient and wait for the mega-bull run of 2029.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[somac.]

This constant controlled selling with no bounce must be someone big unloading everything they have. I'm sure in a day of two we'll find out a little more about the size of the seller.

Edit: for fuck sake just bounce, even a little.

[xhomerx10]

This constant controlled selling with no bounce must be someone big unloading everything they have. I'm sure in a day of two we'll find out a little more about the size of the seller.

Edit: for fuck sake just bounce, even a little.

 The spot Bitcoin ETFs are experiencing an unprecedented 11-day consecutive streak of net outflows plus...  GOXED again:

 https://www.coindesk.com/markets/2026/06/02/mt-gox-moves-10-422-bitcoin-worth-usd739-million-to-a-new-wallet-as-deadline-nears
 
      Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears

 The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet.

 What to know:

• Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline.
• The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange.
• Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain.

...

[somac.]

This constant controlled selling with no bounce must be someone big unloading everything they have. I'm sure in a day of two we'll find out a little more about the size of the seller.

Edit: for fuck sake just bounce, even a little.

 The spot Bitcoin ETFs are experiencing an unprecedented 11-day consecutive streak of net outflows plus...  GOXED again:

 https://www.coindesk.com/markets/2026/06/02/mt-gox-moves-10-422-bitcoin-worth-usd739-million-to-a-new-wallet-as-deadline-nears
 
      Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears

 The 04:47 UTC Bitcoin block 952,072 transaction moved coins from Mt. Gox cold storage into a freshly generated address, with a smaller 116-bitcoin slice routed to the defunct exchange's hot wallet.

 What to know:

• Defunct bitcoin exchange Mt. Gox moved 10,422.65 bitcoin worth about $739 million to new wallets on Tuesday, its largest transfer in months ahead of an October 31, 2026 repayment deadline.
• The split transaction, which sent most of the coins to a previously unseen address, mirrors earlier administrative moves tied to creditor distributions, though none of the bitcoin has yet reached a custodian or exchange.
• Mt. Gox still holds roughly 34,504 bitcoin valued at $2.43 billion, and any eventual payouts to the roughly 19,500 creditors—many of whom bought before the 2014 collapse—could add selling pressure to a market already under strain.

...

There's always something isn't there and Mt Gox is a turd that just won't flush. Having said that this must be due more to the ETFs and other random sellers, 10k coins are a margin of error. It would be good to know how many coins were sold over the last few days.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

[...]

Cycles or not, I'm almost certain that the price will have exceeded $1M by 2034, which is the year I'm retiring.

I guess if for your personal reasons, you believe that you need to wait so long - and you know that I don't go by the spot price since it can be so erratic, and even your suggetion that bitcoin will exceed $1 million by 2034 does not really clarify whether $1 million might be sustainable or if you might be planning to cash out some coins at around that price so that you are potentially valuing some extraction of dollars - and retirement presumes ongoing withdrawal of dollars.  

Even at the beginning of 2034, my own 200-WMA projections are showing 2034 to start the 200-WMA in the $335k-ish range, so of course, I am still thinking about the 200-WMA as a bottom. .yet $335k is still 5.4x in relation to today's $61,700 200-WMA.  I am not going to complain about those kinds of arguable potential bottoms...

I am also a bit unclear about what kind of a budget you expect to have? and of course, are we talking today's dollars or whatever the debasement of the dollar might be by then.. which is another reason to think in terms of BTC rather than dollars... even presuming something slightly less than a 7% annual debasement (which might be wishful thinking) the debasement would likely end up being in 60% territories, meaning the dollar will only purchase around 40% with the same denominations.  So? Maybe you would shoot for right around a $200k per year income, at minimum?  and so bitcoin prices are at least 25% higher than bottom prices, so my calculations suggest that you would not need much more than 5 BTC to clearly and sustainably support a $200k per year income at that time with 7% raises each year thereafter.  Do you want to see my proof of maths?  It is likely too speculative anyhow, so it is a big so what.. yet it still would be my ballpark argument, so that if you would be expecting $1million per year of minimum income with a 7% increase in the dollar amount each year, then you would need a minimum of 5x more bitcoin, which would be 25-ish bitcoin.   Sure maybe I am being too conservative, but it is likely better to error on the conservative side (seems that you told me that on more than one occasion, previously).

Well, I'm also unclear too, if I'm honest. I think many Bitcoiners, after years of accumulation and value appreciation, enter a state of being whereby they begin to have a much greater and deeper appreciation and motivation towards non-monetary rewards, benefits, or ideals. Think of it like rising higher in Maslow's hierarchy of needs. So, basically, you are set for life, all your physiological needs are taken care of. Maybe 5 or 25 BTC is too little for that. Or maybe not. $1M/BTC (spot price) is certainly more than enough for me, even taking into account 200-WMA's safety margin. Going by your numbers, assuming 25 BTC, that's $25M (spot) or $8M (extrapolated 200-WMA), which I think is a healthy position to be in.

How do I know? I can't explain it, and I can't prove it. In the words of Whitney Houston, "I just do!"

O.k. Can I blame you for my "further researching" into Ms. Houston for the past hour-ish?  I might be easily distracted or what?  Whitney truly had a great presence, and there was something special frequently captured in her live performances - especially when she would seem to go off the rails a bit. .and then still she would stay with such a great ability to hold it all together.. truly there have been several moving live version examples of her caught on video.

She is one of my all-time favorite female voices. It's so sad that she died so young. I hope the rabbit hole I opened for you was not too much of a time sink. Yes, you can blame me for that. I think rabbit holes are good, and I tend to easily fall into them too.

"fatalistic"
"post hoc ergo propter hoc"

Today I learned a new word and a cool phrase. Thanks, Biodom.

I did not know that one either - and surely many of us have likely already witnessed OgNasty stringing together all kinds of seemingly random happenings and then proclaiming some wishful conclusion from the seemingly otherwise random happenings that he had happened to string together to support his wishful conclusion.

Hahaha, yes, each of us has their own style of framing things, that tend to support their world view, which may end up very close or very far away from reality...

[...]

[Hueristic]

blah blah blah

Added to ignore list.

YOU Figure out why.

[somac.]

Well, I'm checking out for a while. At this rate I expect to see under 65k in less than an hour 10 minutes. This move has got to be getting stretched though.

[Gachapin]

you know funny shit is going on when our favorite shitcoin holds way batter than the King

[vapourminer]

you know funny shit is going going on when our favorite shitcoin holds way batter than the King

dunno

trumpcoin is down like 90% too

[philipma1957]

Well, I'm checking out for a while. At this rate I expect to see under 65k in less than an hour 10 minutes. This move has got to be getting stretched though.

Well it bounced a bit back up.

My 66,666.66 buy did not happen.

But my 67 buys hit

[cAPSLOCK]

you know funny shit is going on when our favorite shitcoin holds way batter than the King

Wait, we have a favorite shit coin? I mean, I know I do, but do WE have one?