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

[Hueristic]

BobClawblaw's News Digest - 2026-06-27 (Midday Edition)

4. Bitcoin ETF Outflows Hit Seventh Week as Price Dips Below $60K
URL: https://finance.yahoo.com/markets/crypto/articles/bitcoin-etf-outflows-extend-seventh-170400607.html
Published: 2026-06-26 01:04 PM CT
Summary: Capital is leaving Bitcoin ETFs for the seventh straight week, with $1.35 billion exiting last week alone. The outflows accelerated on June 25, when a single day saw $696.3 million leave as Bitcoin dropped under $60,000. Year-to-date net outflows now total $4.6 billion, while June alone has seen $3.61 billion exit. Institutional investors are moving into safer assets, spooked by the Federal Reserve's hawkish stance on rising interest rates. inflation at 4.2%-double the Fed's target-Bitcoin is trading near a two-year low, pressured by the lack of yield in a high-rate environment.

newspost_ornith.py Version: v1.2.16 | Model: Ornith-1.0-35B-heretic-Q4_K_M.gguf (26727MiB)

Fuck them paper hand pussies, good riddance.

[philipma1957]

I have enough cash to increase my stack if we really truly bottom out.

I could do  strong buys at 55k and 49k even 44k.

I got those I-bonds ready to cash out if we go low enough.

[Findingnemo]

Some would say "hasn't Bitcoin already failed?" In terms of what Satoshi envisioned, how many people actually use Bitcoin as a decentralized cryptocurrency, and how many just as an instrument for generating profit without even having any contact with Bitcoin itself?

I guess that is what the complete decentralization is, even if Satoshi wished that would happen, the real freedom gave them the choice to choose whatever they want to do with it. Using bitcoin for profit is not bad either but paying for our groceries feels like a dream for sure.

Maybe I'm wrong, but "they" never tried to ban Bitcoin, they just intended to try to make it transparent for themselves, in other words, so they could determine who was the sender and who was the recipient in each transaction. Decentralized money that can finance various things at the same time is a good and bad idea, of course it depends from which angle you look at things.

I am too late to know every detail but AFAIK, china tried banning it first and then tried multiple times before realizing that it can't be done and US might also tried the same in the past but they realized there is no ban so they take the other ways like tracking every details so they can make them not to use it if that situation comes.

In his documents, Snowden revealed that one of the most powerful three-letter agencies has been developing tools to track Bitcoin users since 2013 (probably even earlier), and that it was one of their highest priorities.

So aomeone knew that bitcoin is priority but they keep making propaganda like it is only used for illegal trades, drug/human trafficing and a decade later they just want their stash in it.

I think that today they can do absolutely everything they want in terms of analyzing all internet traffic, and with the help of advanced AI, that traffic can be analyzed much faster and more efficiently.

Yeah, that's they succeeded for most part.

The truth is that under the current US administration, Bitcoin is not under direct threat because I believe that in addition to personal enrichment, it serves them for some other things that should remain under the radar. I have no doubt that the ultimate goal is to kill any idea of ​​Bitcoin as a decentralized money for ordinary people, to redirect everything to trading through CEXs, ETFs and companies like Strategy, and of course to seize as many coins as possible for the famous strategic reserves.

Since governments and big corporates wants as much as bitcoin for them which is why I said it can't fail now atleast from the price point, if we have it then we also got some influence power.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[snowpega]

I have enough cash to increase my stack if we really truly bottom out.

I could do  strong buys at 55k and 49k even 44k.

I got those I-bonds ready to cash out if we go low enough.

Hmm, although you have good plans.

But IMHO, I am not seeing BTC below the price tag of 50k anywhere soon.

But if this happens, I would be the same person who will buy heavily.

[philipma1957]

I have enough cash to increase my stack if we really truly bottom out.

I could do  strong buys at 55k and 49k even 44k.

I got those I-bonds ready to cash out if we go low enough.

Hmm, although you have good plans.

But IMHO, I am not seeing BTC below the price tag of 50k anywhere soon.

But if this happens, I would be the same person who will buy heavily.

I add 0.0011 every day via mining

the other would be dip buys.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

I hope I am in the right place with my post, I have already shared this in the local board, but it has not gotten any feedback there, ppl there are not so deep into TA.
Here is one of many indicators/theories I have, when I feel like it, I will post more from time to time:
We are looking at the BTC/USD on the monthly index chart (RSI-14 at the bottom, nevermind).

The blue lines represent the standard Fibonacci Extension Tool from Tradingview.
It measures the potential expansion level (in this case a bearish expansion) of price waves based on the mathematical ratios of the Fibonacci sequence.
What stands out is that in the last two bear markets ('17 and '21), the bottom was always found at or below the 0.786 Fibonacci level — and in this bear market that sits at $39.000 USD:

And yes, I know: History doesn't repeat itself exactly, but it often follows the same recognizable patterns and rhythms.

That indicator is too bearish, and you are too bearish to even believe it is reasonable.

Sure anything is possible.  You might want to consider that you are talking about bitcoin and not some random asset, and you also might want to indicate the 200-WMA... yet surely in 2022, the 200-WMA got to 36% below the 200-WMA under some interestingly bearish FTX related circumstances, and coincidentally 36% below the current 200-WMA is just over $39k, yet I still think $39k is too bearish, but what dee fucks do I know?

#feedback

Bitcoin is too big to fail

Saying too big to fail is like saying too fat to die. - Robin Williams

Too big to fail seems like a description about some kind of structure that is embedded into legacy systems, like the debt system.

Bitcoin does not seem to be an "insider" in that kind of way... at least not so far.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

The problem with that machine is that neither Dell nor Windows actually supports it.  You'll be stuck on whatever version they loaded when they bypassed the installation requirements (likely using 3rd party software), the machine will not be secure and major updates wont load properly.  That machine might be branded "Dell" but Dell would not have refurbished and sold that particular machine with win11 pro.  It isn't likely that it even originally shipped wit Win10.  If you are using Win11 on that device, you are putting your personal data at risk and with all the things people need to go online for these days, this is just a big no-no.  You'd be better off to load whatever old machine you have with Linux.

it has a i7 4770 hahaha

yeah it is NOT officially win11 compatible

Yeah that is too old a cpu.

yeah 8th gen and up

https://learn.microsoft.com/en-us/windows-hardware/design/minimum/supported/windows-11-supported-intel-processors

[OutOfMemory]

The problem with that machine is that neither Dell nor Windows actually supports it.  You'll be stuck on whatever version they loaded when they bypassed the installation requirements (likely using 3rd party software), the machine will not be secure and major updates wont load properly.  That machine might be branded "Dell" but Dell would not have refurbished and sold that particular machine with win11 pro.  It isn't likely that it even originally shipped wit Win10.  If you are using Win11 on that device, you are putting your personal data at risk and with all the things people need to go online for these days, this is just a big no-no.  You'd be better off to load whatever old machine you have with Linux.

it has a i7 4770 hahaha

yeah it is NOT officially win11 compatible

Yeah that is too old a cpu.

yeah 8th gen and up

https://learn.microsoft.com/en-us/windows-hardware/design/minimum/supported/windows-11-supported-intel-processors

I have win11 pro running on a gen7 i5, as well as a gen4 i7 without any problems. It wasn't even as much of a hack, just circumventing a few "compatibility" checks before install (or upgrade, in the case of the i5).

[vapourminer]

https://learn.microsoft.com/en-us/windows-hardware/design/minimum/supported/windows-11-supported-intel-processors

I have win11 pro running on a gen7 i5, as well as a gen4 i7 without any problems. It wasn't even as much of a hack, just circumventing a few "compatibility" checks before install (or upgrade, in the case of the i5).

sure peeps have hacked win11 to run on core2duos for funzies

but what happens with official channel security updates and such. maybe they work, maybe the dont. you (OOM) could hack it running again but grandma? not so much.

i value my peace of mind more than any perceived win11 "features" i dont need. all i need is security patches.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

https://learn.microsoft.com/en-us/windows-hardware/design/minimum/supported/windows-11-supported-intel-processors

I have win11 pro running on a gen7 i5, as well as a gen4 i7 without any problems. It wasn't even as much of a hack, just circumventing a few "compatibility" checks before install (or upgrade, in the case of the i5).

sure peeps have hacked win11 to run on core2duos for funzies

but what happens with official channel security updates and such. maybe they work, maybe the dont. you (OOM) could hack it running again but grandma? not so much.

i value my peace of mind more than any perceived win11 "features" i dont need. all i need is security patches.

Right, i fully agree.
I just refuse to throw away (not really) old hardware, but give it new uses. That also removes the burden to install too much software, of which some would only be used occasionally, and that makes windows quite prone to instabilities, adds to the number of possible vulnerabilities... I like it clean and tidy, with one or a few dedicated uses, so i have a lot of computers at home. The newer ones are for everyday use, always connected to the interweb, so those are held up-to-date, while the older ones are used as controllers for CNC machines, 3d printers, monitoring and hacking our cars CU's, making electronic music, playing games and/or media content. The older ones are mostly offline, so no real updating needed. Ah yes, and not to forget the Astrophotography rig controller and the image processing PC, but those are gen10 and gen11, too.

I chose to upgrade systems because i wanted to get updates. The Astro controller is still running on Win10, but it's because of compatibility, and it's also updated via pre-downloaded, packages which get scanned for malware, on a USB drive. On the downside, i have to keep local star catalogs, which requires several dozens of gigabytes.

Running win11 on a core2 seems like a "look mum, no hands!"-challenge for computer geeks. Not that i'm not one of them, but i used my free time increasingly for productive stuff with ageing... Used to do stuff like this when i was younger (and time seemed to pass slower).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bit-Mj1014]

~
Some would say "business as usual", and that is literally so - hodlers will hold and buy more, and weak hands will sell (even at a loss) and whine about how Bitcoin is a scam.

Weak hands never learn anything. They are parasites to the bitcoin as technology but as assets, they are the golden goose where the real long term investors can keep making profits.

Bitcoin is too big to fail now, since the institutional investments have become a part. Will that make any difference in their holding strategy?

Too big? Compared to what? If we look at the market cap we see $1.2 trillion, but if we take into account that between 1-2 million coins were lost (although some claim that the number is at least twice as large), then in a world of various values, that is not such a large value. The estimated value of gold is over $28 trillion at this time just for comparison.

To be clear, it is practically impossible to destroy Bitcoin unless someone shuts down the internet, but it is far from impossible to seriously harm it considering that they just need to declare it illegal, ban CEXs and that bank clients are not allowed to make transactions related to cryptocurrencies.

This would only happen if Bitcoin becomes a serious threat to their financial system (which we are astronomically far from), and in my opinion the more likely option is that they will try to change it from within by controlling all the larger mining farms and of course influencing the Core developers. Black Rock has been buying shares in the largest BTC mining farms for years and they say that it is already the majority owner in many.

Honestly, comparing Bitcoin’s market cap to gold's $28 trillion really puts things into perspective, It’s easy to forget how early we still are. On the blackrock point though, I kind of see it the other way around. Wall Street pouring money into mining infrastructure might actually be our biggest shield against a government ban. They aren't going to lobby to outlaw something they've poured billions into.

[philipma1957]

https://learn.microsoft.com/en-us/windows-hardware/design/minimum/supported/windows-11-supported-intel-processors

I have win11 pro running on a gen7 i5, as well as a gen4 i7 without any problems. It wasn't even as much of a hack, just circumventing a few "compatibility" checks before install (or upgrade, in the case of the i5).

sure peeps have hacked win11 to run on core2duos for funzies

but what happens with official channel security updates and such. maybe they work, maybe the dont. you (OOM) could hack it running again but grandma? not so much.

i value my peace of mind more than any perceived win11 "features" i dont need. all i need is security patches.

Right, i fully agree.
I just refuse to throw away (not really) old hardware, but give it new uses. That also removes the burden to install too much software, of which some would only be used occasionally, and that makes windows quite prone to instabilities, adds to the number of possible vulnerabilities... I like it clean and tidy, with one or a few dedicated uses, so i have a lot of computers at home. The newer ones are for everyday use, always connected to the interweb, so those are held up-to-date, while the older ones are used as controllers for CNC machines, 3d printers, monitoring and hacking our cars CU's, making electronic music, playing games and/or media content. The older ones are mostly offline, so no real updating needed. Ah yes, and not to forget the Astrophotography rig controller and the image processing PC, but those are gen10 and gen11, too.

I chose to upgrade systems because i wanted to get updates. The Astro controller is still running on Win10, but it's because of compatibility, and it's also updated via pre-downloaded, packages which get scanned for malware, on a USB drive. On the downside, i have to keep local star catalogs, which requires several dozens of gigabytes.

Running win11 on a core2 seems like a "look mum, no hands!"-challenge for computer geeks. Not that i'm not one of them, but i used my free time increasingly for productive stuff with ageing... Used to do stuff like this when i was younger (and time seemed to pass slower).

Yeah https://www.youtube.com/watch?v=6zT4Y-QNdto

'time keeps on slippin slippin  slippin
into the future.'

this song is fucking 50 years old this year

[philipma1957]

~
Some would say "business as usual", and that is literally so - hodlers will hold and buy more, and weak hands will sell (even at a loss) and whine about how Bitcoin is a scam.

Weak hands never learn anything. They are parasites to the bitcoin as technology but as assets, they are the golden goose where the real long term investors can keep making profits.

Bitcoin is too big to fail now, since the institutional investments have become a part. Will that make any difference in their holding strategy?

Too big? Compared to what? If we look at the market cap we see $1.2 trillion, but if we take into account that between 1-2 million coins were lost (although some claim that the number is at least twice as large), then in a world of various values, that is not such a large value. The estimated value of gold is over $28 trillion at this time just for comparison.

To be clear, it is practically impossible to destroy Bitcoin unless someone shuts down the internet, but it is far from impossible to seriously harm it considering that they just need to declare it illegal, ban CEXs and that bank clients are not allowed to make transactions related to cryptocurrencies.

This would only happen if Bitcoin becomes a serious threat to their financial system (which we are astronomically far from), and in my opinion the more likely option is that they will try to change it from within by controlling all the larger mining farms and of course influencing the Core developers. Black Rock has been buying shares in the largest BTC mining farms for years and they say that it is already the majority owner in many.

Honestly, comparing Bitcoin’s market cap to gold's $28 trillion really puts things into perspective, It’s easy to forget how early we still are. On the blackrock point though, I kind of see it the other way around. Wall Street pouring money into mining infrastructure might actually be our biggest shield against a government ban. They aren't going to lobby to outlaw something they've poured billions into.

yeah the most encouraging news is the difficulty jumped 7% and that is with the price crashing to 59-60k

but musk basically printed 1.2 trillion dollars with his iPo

he owns around 700 billion of it.

he could match all the miners combined for 30 billion dollars
and he could buy out Sayor for 60 million dollars

still leaving him 610 billion left over.

Thus he would be mining over 50% of all the fresh coins while owning 850,000 of the old coins.