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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

2. Riot Platforms Sells 500 BTC to Fund AI Data Center Pivot
URL: https://finance.yahoo.com/markets/crypto/articles/nasdaq-listed-riot-keeps-selling-192945141.html
Published: 2026-06-30 03:29 PM CT
Summary: Riot Platforms transferred 500 Bitcoin to custodian NYDIG on June 30, continuing a pattern of selling far more coins than it mines. The miner disclosed selling 3,778 Bitcoin for $289.5 million last quarter while producing only 1,473 coins, reducing its treasury to approximately 15,680 BTC. CEO Jason Les frames the liquidation as a strategic pivot, pointing to a $96 million land purchase in Texas that now anchors a data center business with AMD as an anchor tenant. The company reported a net loss of roughly $500 million last quarter, with the cost to mine each Bitcoin exceeding its market value after accounting for depreciation. Riot abandoned its hold-only policy in 2025 and now relies on data center revenue to offset thinning mining margins since the 2024 halving.

newspost.py Version: v1.3.0 | Model: Ornith-1.0-35B-heretic-Q4_K_M.gguf (26763MiB)

Pivoting to AI data centers at this point is a bad idea IMO.

We're near plateaued, if not already starting to bust on "AI" and Large Language Models. Open Source models are increasingly becoming better and better when compared to the frontier models. The latest Ornith 1.0 release just blew me away at how things are developing with local LLM's.

AGI will not have anywhere near the current compute needs, and we're not close to having compelling, usable AGI. There was speculation we'd show signs of life by 2030, but I'm growing increasingly convinced we're not going to have a "demo" by 2030. Maybe by 2035-2040 now, according to my bones and rocks

[goldkingcoiner]

How long until the AI data center water gets collected and sold instead of being returned to the earths ground water/ecosystem?
Can't wait for the future of buying second-grade AI-data-center-recycled mineral water. Yum.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article.

It is an article on BIP 110 and a very well said argument for his ambivalence.

https://x.com/i/status/2071637370881941750

If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever.

Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely.

It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee.

And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users.

being able to fork-off is a feature not a bug

people will get it one day

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

How long until the AI data center water gets collected and sold instead of being returned to the earths ground water/ecosystem?
Can't wait for the future of buying second-grade AI-data-center-recycled mineral water. Yum.

You know why they target places where people don't have the means to protect their drinking water and just use seawater?

It's because its cheaper to steal peoples infrastructure than keep maintenance on corrosive seas water.

* and FU Buddy, blocked

[Hueristic]

I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article.

It is an article on BIP 110 and a very well said argument for his ambivalence.

https://x.com/i/status/2071637370881941750

If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever.

Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely.

It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee.

And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users.

being able to fork-off is a feature not a bug

people will get it one day

"You can only send 50 merit to a given user per 30 days. You have already sent 50 merit to that user. " sombtch, long month,don't think I'll merit dump on people anymore, I'm lazy these days and its easier to merit than comment.


* Happy Canada Day to our local hosers!

[Gachapin]

I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article.

It is an article on BIP 110 and a very well said argument for his ambivalence.

https://x.com/i/status/2071637370881941750

If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever.

Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely.

It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee.

And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users.

being able to fork-off is a feature not a bug

people will get it one day

"You can only send 50 merit to a given user per 30 days. You have already sent 50 merit to that user. " sombtch, long month,don't think I'll merit dump on people anymore, I'm lazy these days and its easier to merit than comment.

thanks !

and yes. Meriting saves a lot of time!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[sirazimuth]

Yo Wo Bros!
Doing my monthly check in because not checked out yet.
Have a great fourth everyone.
And don't let the background noise bring you down.
It's life in the twenties baby!
(shout out to spirit of Johann P for collaborating with me on this one)

Go England!
Go Bitcoin

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Open Source models are increasingly becoming better and better when compared to the frontier models. The latest Ornith 1.0 release just blew me away at how things are developing with local LLM's.

im running the 20 gb version of that and it its so much better than what i played with even 6 months ago its stupid.

this models thinking is really good at anticipating problems with code, the runtime environments, oddball errors i never would of thought of and even suggestions on improvements to speedups and backups of the whole system.

all on a local system. oh and it suggested code and tests to verify it is entirely local and it cannot access the internet or anything  else on the network.

as you say, what a time to be alive.

oh also the fact it all this tech runs on my system that i basically built for games years ago: it also plays games like nobodys business too. i find that funny.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobClawblaw]

BobClawblaw's News Digest - 2026-07-01 (Late Morning Edition)

Published: 2026-07-01 09:06 AM CT

Wednesday finds Bitcoin grinding below $60,000 as June closes with the largest single-month ETF outflows since the products launched. The Fear & Greed Index sits at 11 in Extreme Fear for a seventh straight day, reflecting a market that has shed roughly 30% of its 2026 gains. Institutions are clearly fleeing risk after the Federal Reserve removed rate-cut signals, yet the price action remains surprisingly flat despite the heavy selling pressure.

Outlook: The key development to watch is whether Strategy's newly approved internal policy triggers significant sales, which could add downward pressure to an already fragile market. Traders should also monitor the thin liquidity environment as Q3 begins, given that open interest has dropped sharply and speculative positions were largely cleared in Q2.

MARKET ANALYSIS

Bitcoin is currently trading at $59,299.00 (+1.19%).

Exchange netflows dominate the narrative, signaling that sellers remain active and the market has not yet reached a structural bottom. The Fear & Greed Index sits at 11, confirming extreme fear, though this metric measures sentiment rather than actual capitulation. Daily price action has narrowed, which may suggest that selling pressure is easing even as macro headwinds persist. If exchange outflows stabilize while sentiment remains depressed, the asset could consolidate in its current range before attempting a directional move.

SCENARIOS

- Consolidation (50%): triggers: exchange netflows turn neutral or negative, daily volatility remains compressed, macro data shows no sharp deterioration. Invalidation: a break below $55,000 on high volume or a spike in exchange inflows.
- Relief Rally (30%): triggers: a positive macro catalyst (e.g., rate cut signal), exchange netflows decline sharply, Fear & Greed rises above 25. Invalidation: failure to hold above $62,000 within two weeks or renewed exchange inflows.
- Continued Decline (20%): triggers: worsening macro conditions, rising exchange netflows, Fear & Greed drops below 10. Invalidation: a sustained break above $65,000 with declining exchange activity.

KEY MARKET MOVERS

- June ETF Outflows: Spot Bitcoin ETFs recorded approximately $4.3 billion in net outflows during June, the largest single-month withdrawal since January 2024.

- Fed Policy Shift: The US Federal Reserve removed language signaling imminent rate cuts, which drove roughly $3.4 billion out of the market in a single week.

- Strategy Policy Change: Strategy Inc. recently approved an internal policy that could authorize significant sales of its Bitcoin holdings, contrasting with its recent accumulation of 3,600 BTC in June.

- Citi Price Target Cut: Citigroup reduced its price target on Strategy Inc. to $136 from $260, citing a 27% lower 12-month Bitcoin forecast.

TOP STORIES

1. Bitcoin ETF Outflows Hit $4.3B in June as Institutions Flee Risk
URL: https://finance.yahoo.com/markets/crypto/articles/bitcoin-etf-outflows-hit-4-094224469.html
Published: 2026-07-01 05:42 AM CT
Summary: Spot Bitcoin exchange-traded funds recorded approximately $4.3 billion in net outflows during June, marking the largest single-month withdrawal since the products launched in January 2024. The sell-off accelerated after the US Federal Reserve removed language signaling imminent rate cuts, which drove roughly $3.4 billion out of the market in a single week. Bitcoin traded below $60,000 in late June, down about 30% in 2026 and 50% from its October 2025 peak near $126,000. Strategy continues to accumulate Bitcoin, but the company recently approved an internal policy that could authorize significant sales of the cryptocurrency. Analysts characterize the current outflows as cyclical responses to macro tightening rather than a collapse in Bitcoin's long-term investment thesis.

2. Crypto Markets Enter Q3 with Thinner Liquidity and Less Leverage
URL: https://cointelegraph.com/news/crypto-q3-less-leverage-thinner-liquidity-talos
Published: 2026-07-01
Summary: Bitcoin and Ether long liquidations totaled $8.35 billion in Q2, which cleared speculative positions and reduced market leverage. Bitcoin open interest fell 32% to $33.5 billion, while Ether open interest dropped 40% to $16.2 billion. US spot Bitcoin ETFs recorded $696.3 million in net outflows on June 25 alone, pushing year-to-date totals to $5.5 billion. Strategy purchased roughly 3,600 BTC in June, a sharp decline from the 25,000 BTC bought in May and 50,000 BTC in April. The company ended the month with 847,363 Bitcoin in its treasury, purchased at an average price of $64,103 apiece.

3. Citi Slashes Strategy Price Target on Lower Bitcoin Outlook
URL: https://ca.finance.yahoo.com/news/citi-cuts-strategy-target-bitcoin-125609920.html
Published: 2026-07-01 03:56 AM CT
Summary: Citigroup reduced its price target on Strategy Inc. to $136 from $260 while keeping a Buy rating. The bank lowered its 12-month Bitcoin forecast by 27% to roughly $81,800. Analyst Peter Christiansen attributes the cut to revised yield estimates and capital plan adjustments. Strategy raised $1.15 billion in new shares last week, expanding its USD Reserve to $2.55 billion.

newspost.py Version: v1.3.0 | Model: Ornith-1.0-35B-heretic-Q4_K_M.gguf (26763MiB)

[hypebrother]

since we are done with measuring the king

maybe the bithope and Ethereum foundation etc could do some mortgage business like coinbase did

since we had a hope that BTC and eth and such would make a difference

btw On the other side of iran we get doner kebab

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

~snip

* Happy Canada Day to our local hosers!

 Thank you. thank you!  I believe Mr. JJG and I have plans for some Johnny cakes, maple syrup, back bacon and road pops this afternoon.