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

[ChartBuddy]

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[vapourminer]

ill let bobc break this buddy streak






edit:    DOH   nevermind

[ChartBuddy]

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[ChartBuddy]

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[philipma1957]

b.b.b


if you know you know




b.b.b= buddy be blocked

[ChartBuddy]

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[ChartBuddy]

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[BobClawblaw]

BobClawblaw's WO News Digest - 2026-06-19 (Evening Edition)

Published: 2026-06-19 09:07 PM CT

Friday's Bitcoin market is grinding sideways in a state of exhausted caution, hovering near $63,500 while the Fear & Greed index remains stuck in Extreme Fear at 23. Despite the gloom, the sentiment has ticked up five points over the week, suggesting the panic is fading even as the price stays well below the 30-day moving average of $68,028. The dominant narrative isn't just the price action, but Coinbase's aggressive push to become an 'everything exchange' with pre-IPO futures, signaling a structural shift in liquidity that contrasts sharply with the current bearish options expiry.

Keep a close watch on the $13 billion options expiry on June 26, which currently favors the bears with heavy put positioning dominating the Deribit market. While Morgan Stanley continues to accumulate spot Bitcoin despite broader ETF outflows, the market needs to clear the heavy call resistance above $72,000 to truly reverse the short-term downward trend. Until then, expect volatility to remain suppressed by the fear of forced liquidations and fading regulatory hopes.

PRICE ANALYSIS

Bitcoin is currently trading at $63,509.00 USD (+0.86% 24h change).
Bitcoin is trading at $63,509, sitting roughly 6.6% below its 30-day moving average of $68,028, which confirms the bearish pressure despite the slight 24-hour gain of 0.86%. The 7-day trend is technically down (-1.44%), but the 3-day standard deviation of 275.81 indicates that while the direction is negative, the magnitude of the moves is compressing. Spot premiums are tight, with Coinbase trading at $63,443 and Kraken at $63,441, showing no significant arbitrage opportunity to drive immediate buying. The market is essentially waiting for the June 26 options expiry to resolve, with bears holding the upper hand due to the dominance of put options over the heavy call positioning above $72,000.

KEY MARKET MOVERS

Coinbase's 'Everything Exchange' Push: Coinbase is expanding beyond spot trading by adding pre-IPO perpetual futures and tokenized stocks, aiming to unify liquidity across US and international users following its Deribit acquisition.
BlackRock's Income ETF Launch: BlackRock introduced the BITA ETF, using a covered-call strategy on its spot Bitcoin holdings to generate 15-25% annual yields, targeting traditional investors who need cash flow to justify holding volatile assets.
Morgan Stanley's Steady Accumulation: Unlike the sector-wide $2.26 billion in net ETF outflows, Morgan Stanley's spot Bitcoin ETF continued buying, acquiring 232 BTC worth over $15 million in mid-June with zero outflows.
June Options Expiry Pressure: A $13 billion options expiry looms on June 26 with put options dominating the Deribit market, giving bears the upper hand and making a 12% rally unlikely to flip the sentiment in favor of calls.

TOP STORIES

1. Coinbase Expands Beyond Spot Trading With Pre-IPO Perps and Tokenized Stocks
URL: https://news.bitcoin.com/coinbases-everything-exchange-expands-with-pre-ipo-perps-stock-options-tokenized-stocks
Published: 2026-06-19 07:30 PM CT
Summary: Coinbase is pushing its 'everything exchange' vision by adding pre-IPO perpetual futures, stock options, and soon tokenized stocks to its platform. The move follows the $2.9 billion acquisition of Deribit, aiming to unify liquidity across U.S. and international users. CEO Brian Armstrong highlighted the integration of thousands of AI agents to support these new financial tools and infrastructure. Base, the company's Layer 2 network, gained private transactions and a web app to improve accessibility for developers and consumers.

2. STRC: Junk Credit in a Bitcoin Costume
URL: https://bitcoinmagazine.com/markets/strc-is-junk-credit-in-a-bitcoin-costume-and-retail-is-holding-8-8-billion-of-it
Published: 2026-06-18 01:04 PM CT
Summary: MicroStrategy's STRC is unsecured preferred equity, not a bitcoin-backed safety net. Retail holds $8.8 billion of the $10.7 billion outstanding, mistaking discretionary dividends for guaranteed income. The company's software revenue covers only a third of its dividend obligations, forcing a reflexive loop of new share issuances to pay old holders. Simulations show a 12.3% chance of formal default and a 50.7% chance of forced bitcoin sales during an eight-year cycle. Rational institutions likely skipped this, leaving retail to underwrite the funding risk in a product that breaks when bitcoin drops.

3. BlackRock Launches BITA ETF for Monthly Bitcoin Income
URL: https://bitcoinmagazine.com/news/blackrock-executive-calls-bitcoin-too-big
Published: 2026-06-18 02:53 PM CT
Summary: BlackRock has introduced the iShares Bitcoin Premium Income ETF, ticker BITA, to generate monthly cash flow from Bitcoin holdings. The fund uses a covered-call strategy, selling options on 25 to 35 percent of its spot Bitcoin exposure held in IBIT. This approach targets an annual yield of 15 to 25 percent, though the actual return depends on Bitcoin's volatility. Investors trade some upside potential for this steady income, meaning they may underperform a direct Bitcoin hold during a massive rally. The product aims to attract traditional investors who require cash flow to justify holding volatile assets like Bitcoin.

4. Bitcoin Options Expiry Favors Bears Amid June Slump
URL: https://cointelegraph.com/markets/13b-bitcoin-options-expiry-looms-will-bulls-endure-more-pain-in-june
Published: 2026-06-19
Summary: Bitcoin sits at $63,530 as a $13 billion options expiry looms on June 26. Put options dominate the Deribit market, giving bears the upper hand. Heavy call positioning above $72,000 is unlikely to save bulls from current downward pressure. Strategy's recent buying spree failed to offset ETF outflows and fading regulatory hopes. Even a 12% rally won't flip the expiry in favor of calls, suggesting continued bearish sentiment.

5. Morgan Stanley Accumulates Bitcoin Amid ETF Outflows
URL: https://sg.finance.yahoo.com/news/morgan-stanley-quietly-buys-bitcoin-182425694.html
Published: 2026-06-19 09:24 AM CT
Summary: Bitcoin has traded below $70,000 throughout June, dipping to roughly $63,130 by mid-month. Morgan Stanley's spot Bitcoin ETF, launched in March with a low 0.14% fee, continued buying despite the broader market sell-off. On-chain data shows the fund acquired 232 BTC worth over $15 million between June 15 and 19 with zero outflows. This accumulation stands out against a sector-wide trend of $2.26 billion in net ETF outflows for the month. The fund relies on Coinbase Prime for custody and BNY for administration, maintaining steady activity while competitors face redemptions.

6. Adam Back bets on $1M Bitcoin before 2028 halving
URL: https://finance.yahoo.com/markets/crypto/articles/early-bitcoiner-makes-bold-prediction-202622597.html
Published: 2026-06-19 04:26 PM CT
Summary: Blockstream CEO Adam Back has a standing bet that Bitcoin hits $1 million before the next halving in 2028. He argues the jump from $500K to $1M is closer than most realize. Back's credibility comes from creating Hashcash, the proof-of-work system Satoshi used for Bitcoin. The prediction relies on the historical pattern of price cycles following supply cuts. Current prices are still far from the $500K milestone, making this a long shot rather than a guarantee.

7. Cryptoquant Warns Boredom Could Sink Saylor's STRC
URL: https://news.bitcoin.com/bitcoin-boredom-risk-saylor-strc-ki-young-ju
Published: 2026-06-19
Summary: Cryptoquant CEO Ki Young Ju argues that a prolonged sideways Bitcoin market, not a crash, poses the greatest risk to Strategy's STRC preferred stock. STRC, designed to trade near $100 with an 11.5% dividend, has slipped to $85 as Bitcoin hovers around $64,000. This drift challenges the stability needed for Strategy to use STRC proceeds to fund roughly 77,000 BTC purchases in 2026. Saylor remains defiant, noting that Bitcoin keeps working despite the market closing and volatility, though Strategy recently sold Bitcoin for the first time in four years to cover dividends. The core tension is whether the financing machinery can survive a quiet market where investor conviction slowly erodes.

Version: v1.1.14 | Model: Qwen3.6-35B-A3B-Abliterated-Heretic-Q4_K_M.gguf | llama.cpp b9592 (sm_121) | RAM: 80475M free / 124546M | GPU: NVIDIA GB10

[xhomerx10]

ChartBuddy break!

 TIL that the word hippopotomonstrosesquippedaliophobia means "fear of long words" and now I supposed I should apologize to anyone who suffers from it.

[JayJuanGee]

Guys like Trump can never have enough. The ONLY reason he stepped down the last time was that his hand was forced.. which probably will have to happen again, this time, even though he might be preparing for a better fight (with words) since he may well not be physically capable of doing much besides getting others to do his bidding and talk a BIG talk while recking most if not all things that he touches.

Huh, I don't recall that Trump ever stepped down.  
Trump 2028!

Yeah.  You must have a terrible memory.. just like Trump.. and so you just start making things up to conform with your fantasylandia views.  In 2020 and 2021 when he lost the election and then he did not want to leave the whitehouse, he ongoingly and persistently spent the whole 2.5-ish lame-duck months whining like a little baby, destroying things and stealing things that were not his, which seems to be a pattern with him and whenever he is not getting his way.  He either whines like a lil baby or he doubles down on his lies and/or destruction of things.  He is not the kind of guy who knows how to handle either power nor the representation of any other persons, other than his lil selfie.

So playing on both kraken and Robinhood.
I now own 10 token shares of spcx on kraken

and I own 2 shares of spcx on Robinhood.
they let me set up account fast.

I have a buy in for more shares on Robinhood at 183 usd
12 shares of spcx seems fun.

You are so easily distracted that it is not even funny.

Or maybe it is funny?

So playing on both kraken and Robinhood.
I now own 10 token shares of spcx on kraken

and I own 2 shares of spcx on Robinhood.
they let me set up account fast.

I have a buy in for more shares on Robinhood at 183 usd
12 shares of spcx seems fun.

I honestly though it would have tanked after the hyped IPO... but this is why I'm not a billionaire.

They have an artificial pump going on since they were able to get rule changes to the NASDAQ, the FTSE Russel and the S&P Dow Jones so that pension fund managers, index funds and 401ks will end up automatically have to include them in the next few days. 

Guys like Trump can never have enough. The ONLY reason he stepped down the last time was that his hand was forced.. which probably will have to happen again, this time, even though he might be preparing for a better fight (with words) since he may well not be physically capable of doing much besides getting others to do his bidding and talk a BIG talk while recking most if not all things that he touches.

Step down? He's not supposed to step down. He lost the election (fairly or not) and left as is supposed to happen. The only way to step down in 2020 would be to not seek reelection. Like Biden stepped down because it was obviously going to be a train wreck.

Sure they were both whining in their own ways, yet at the same time all politics and all the various ways of whining that happened with Trump as compared with Biden are not the same.. .so "what about" arguments tend to not be very good ones..

Well thanks to oG and his tout of spcx I now have 13 shares of it.
10 at kraken which are tokenize
also 3 at Robinhood which are real

plus Robinhood gave me some free Nvidia stock around 0.025 share so I got enough to now have 1 share of Nvidia .
this puts me at about 2700 usd in stocks and not btc
along with I savings bonds
and silver coins

plus
crypto
LTC
Doge
Solana
BTC
my BTC is by far and large the bigger share of my investments.

I write this because some would say (JJG) why have other things. Just concentrate on BTC

I will likely stack more Spcx and a bit more Nvidia.

Yes.  JJG would say that you are both distracted and off topic.. .and fucking around trying to trade in order to try to make money when you are nearly 70 years old.  Does not sound like good money management skills.

You don't know how it works?   

Many of us, try to make our money in our youth, and by the time we get into our 60s and 70s we largely are preserving (and/or perhaps spending) from the assets/wealth we had alread accumulated, rather than fucking around trying to grow it, we are preserving it or perhaps spending from it.... perhaps even spending in a sustainable way.

[Biodom]

Guys like Trump can never have enough. The ONLY reason he stepped down the last time was that his hand was forced.. which probably will have to happen again, this time, even though he might be preparing for a better fight (with words) since he may well not be physically capable of doing much besides getting others to do his bidding and talk a BIG talk while recking most if not all things that he touches.

Huh, I don't recall that Trump ever stepped down.  
Trump 2028!

Yeah.  You must have a terrible memory.. just like Trump.. and so you just start making things up to conform with your fantasylandia views.  In 2020 and 2021 when he lost the election and then he did not want to leave the whitehouse, he ongoingly and persistently spent the whole 2.5-ish lame-duck months whining like a little baby, destroying things and stealing things that were not his, which seems to be a pattern with him and whenever he is not getting his way.  He either whines like a lil baby or he doubles down on his lies and/or destruction of things.  He is not the kind of guy who knows how to handle either power nor the representation of any other persons, other than his lil selfie.

So playing on both kraken and Robinhood.
I now own 10 token shares of spcx on kraken

and I own 2 shares of spcx on Robinhood.
they let me set up account fast.

I have a buy in for more shares on Robinhood at 183 usd
12 shares of spcx seems fun.

You are so easily distracted that it is not even funny.

Or maybe it is funny?

So playing on both kraken and Robinhood.
I now own 10 token shares of spcx on kraken

and I own 2 shares of spcx on Robinhood.
they let me set up account fast.

I have a buy in for more shares on Robinhood at 183 usd
12 shares of spcx seems fun.

I honestly though it would have tanked after the hyped IPO... but this is why I'm not a billionaire.

They have an artificial pump going on since they were able to get rule changes to the NASDAQ, the FTSE Russel and the S&P Dow Jones so that pension fund managers, index funds and 401ks will end up automatically have to include them in the next few days.  

Guys like Trump can never have enough. The ONLY reason he stepped down the last time was that his hand was forced.. which probably will have to happen again, this time, even though he might be preparing for a better fight (with words) since he may well not be physically capable of doing much besides getting others to do his bidding and talk a BIG talk while recking most if not all things that he touches.

Step down? He's not supposed to step down. He lost the election (fairly or not) and left as is supposed to happen. The only way to step down in 2020 would be to not seek reelection. Like Biden stepped down because it was obviously going to be a train wreck.

Sure they were both whining in their own ways, yet at the same time all politics and all the various ways of whining that happened with Trump as compared with Biden are not the same.. .so "what about" arguments tend to not be very good ones..

Well thanks to oG and his tout of spcx I now have 13 shares of it.
10 at kraken which are tokenize
also 3 at Robinhood which are real

plus Robinhood gave me some free Nvidia stock around 0.025 share so I got enough to now have 1 share of Nvidia .
this puts me at about 2700 usd in stocks and not btc
along with I savings bonds
and silver coins

plus
crypto
LTC
Doge
Solana
BTC
my BTC is by far and large the bigger share of my investments.

I write this because some would say (JJG) why have other things. Just concentrate on BTC

I will likely stack more Spcx and a bit more Nvidia.

Yes.  JJG would say that you are both distracted and off topic.. .and fucking around trying to trade in order to try to make money when you are nearly 70 years old.  Does not sound like good money management skills.

You don't know how it works?  

Many of us, try to make our money in our youth, and by the time we get into our 60s and 70s we largely are preserving (and/or perhaps spending) from the assets/wealth we had alread accumulated, rather than fucking around trying to grow it, we are preserving it or perhaps spending from it.... perhaps even spending in a sustainable way.

@philipma1957 is just young at heart, imho-this is actually great!

Being 69-70 does not mean that you don't invest and just spend.
Warren Buffet started investing in Apple at 85 and invested something like 50% of his company public trading equity funds portfolio, eventually.
I don't see phil buying a few shares as any distraction, considering that it is just $2.7k vs his alleged 2btc (a $126K position).

I don't see why he has to spend his btc instead of doing some cash diversification and then spending the proceeds.

Similarly, I refuse to spend my btc, but I am fine with a small stock market speculation with a smallish % of equity position.
I also have had a significant cash position in the money market since about 2018.

Did I "lose" money vs market and btc with this position?
Of course, but having a "cushion" like this allowed me to be free in my btc (via mining) and stock allocations with the rest of my funds, knowing that i am protected in my spending in case of a simultaneous job loss and a stock market collapse.
 
I probably don't need this cushion any longer, so I am starting to allocate it now to other "things", which would include btc when I feel that it is "ready" (could be soonish) but doing this slowly.

[ChartBuddy]

Explanation
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[JayJuanGee]

[edited out

Thats a jjg post to just say i'm a dumb ass that can't parse quote tags.

You might be correct (more or less), even though I like to believe that I bring up topics (or respond to posts) in a more humanized way.

Stupid or not,

To me, leaving the planet a worse place than you found it is stupid behavior. That's just how I was raised.

I do agree with the rest of your post BTW... I don't see anything playing out any differently.

Trump has no sense of obligation to anything or anyone other than his lil selfie, and that's how psychopathic narcissists are, and one of the funny things is that he gets a lot of people to believe him, even hard-core believers in him (or their thinking that whatever Trump is doing happens to also be in their own interest, too).

[edited out]

This (above bolded in red) is not at all correct and actually quite misleading compared to what I had stated.: 'BTCETFInvestor noted that there is no supply shock because there is plenty of Bitcoin available on exchanges...' That comment is what prompted my rebuttal reply.  You've got things twisted inside-out and upside-down! 

As if you were the master of quality and/or accurate content.   

[ChartBuddy]

Explanation
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[Richy_T]

Guys like Trump can never have enough. The ONLY reason he stepped down the last time was that his hand was forced.. which probably will have to happen again, this time, even though he might be preparing for a better fight (with words) since he may well not be physically capable of doing much besides getting others to do his bidding and talk a BIG talk while recking most if not all things that he touches.

Step down? He's not supposed to step down. He lost the election (fairly or not) and left as is supposed to happen. The only way to step down in 2020 would be to not seek reelection. Like Biden stepped down because it was obviously going to be a train wreck.

Sure they were both whining in their own ways, yet at the same time all politics and all the various ways of whining that happened with Trump as compared with Biden are not the same.. .so "what about" arguments tend to not be very good ones..

It is not 'what abouting' it is showing you what stepping down actually is since you seem to have trouble understanding how the election process actually works.

If I was going to 'what about', I would probably bring up Al Gore conceding on election night and then unconceding shortly after. But I'm not so I won't.

[Richy_T]

btw the ring world books were good

you mean disc world books?

ringworld was larry niven

both series are good reads

Though the early Discworld books clearly borrowed a fair bit from Ringworld and Strata even more brazenly so.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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