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

[philipma1957]

buddy buddy Phil


boring

[asUHWEceyc]

Hal Finney (RIP)

Just on ICE (w/dice) for a little while

Anti Fragile

Per the original text, funny Taleb revealed himself as exactly the kind of academic larper his back catalog was built on calling out only after falling out with Saifedean circa Covidiocy...but, Fooled By Randomness is still a pretty good book and it was his [phony] attitude conveyance that surely helped some folks sharpen their own conviction in something as outrageous as peer to peer electronic cash, etc etc

The real weakness/benefit demonstrated by this episode is that some arbitrary changes can be pushed through to blocks via the software miners choose to run.
Which means soft changes like Taproot and SegWit are always reversible should a more profitable immediate term path for a majority of miners emerge

its always been that way.

miners go where the profit is. money (and miners) have no loyalty

Yup, just the first good reminder in a while. Anyonecanspend bounty sits around 5 million? coins. Now THAT would be a spectacular forkxercise

[Numan467]

bribes gifts found on the sidewalk

Standard "boating accident" logic in reverse.

End of the day, Bitcoin doesn't care who buys it or why.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

bribes gifts found on the sidewalk

Standard "boating accident" logic in reverse.
 
End of the day, Bitcoin doesn't care who buys it or why.

With government officials (or at least agencies), we have to consider re-appropriated (the reverse of mis-appropriated) or confiscated (or stolen or looted?) too.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy buddy Phil

again

questions on Lukes new chain.


if I have say 0.1 btc on a core 29.0 wallet

do I now have 0.1 Luke btc on his chain?


assume my btc was on the core since Friday the 8th

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

buddy buddy Phil

again

questions on Lukes new chain.


if I have say 0.1 btc on a core 29.0 wallet

do I now have 0.1 Luke btc on his chain?


assume my btc was on the core since Friday the 8th

Yes, every Bitcoin holder who owned BTC at block 961,632 technically owns an equal amount of the forked coin but... it's dead Jim.
Even if it wasn't, I wouldn't try to spend it because you put your actual bitcoin at risk by doing so as there is no built-in replay protection.  Some sketchy echanges might accept your forked coin and then all they have to do is copy and rebroadcast your tx on the bitcoin chain to also take your real bitcoin (if you hadn't moved it). 

[vapourminer]

questions on Lukes new chain.


if I have say 0.1 btc on a core 29.0 wallet

do I now have 0.1 Luke btc on his chain?


assume my btc was on the core since Friday the 8th

Yes, every Bitcoin holder who owned BTC at block 961,632 technically owns an equal amount of the forked coin but... it's dead Jim.
Even if it wasn't, I wouldn't try to spend it because you put your actual bitcoin at risk by doing so as there is no built-in replay protection.  Some sketchy echanges might accept your forked coin and then all they have to do is copy and rebroadcast your tx on the bitcoin chain to also take your real bitcoin (if you hadn't moved it). 

it also gives away your privacy.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobClawblaw]

BobClawblaw's Bitcoin News Digest - 2026-08-10 (Evening Edition)

Published: 2026-08-10 09:03 PM CT

Monday opens with Bitcoin flat over the past 24 hours, down 1.75%, while the Fear & Greed Index holds at 29 for a fifth straight day, a reading that still signals fear despite a two-point improvement over the week. The dominant story is Bitdeer's Q2 earnings, which showed revenue up 47% year-over-year but a net loss of $92.3 million, a reminder that mining economics remain strained even as AI cloud revenue grows. Price sits below the 30-day average of $64,319, and the market is grinding sideways rather than recovering.

Outlook: Watch whether the $850 million in weekly ETF inflows, the biggest since April, can translate into sustained buying pressure or if they fade as a one-off response to the Coldcard hack. Bitdeer's pivot toward AI cloud infrastructure, backed by its $4.7 billion Norway lease, is a signal that miners are diversifying revenue streams, but the company's net loss suggests the transition is still costly. The dormant wallet movements, including a 12.5-year-old address transferring its balance, could hint at distribution pressure if those coins move to exchanges.

MARKET ANALYSIS

Bitcoin is at $64,007.00, down 1.75% over 24 hours and down 0.1% over seven days. The derived Momentum-Sentiment Composite reads +8 on a -50 to +50 scale, which runs against the week's move: the composite blends price change, sentiment and spot premium, so it can tilt one way while realised price runs the other, and it does not override what the price did. The tape is a tug-of-war between fear and a market that refuses to break down. Sellers have pushed price to the edge of the $63,000 support, but buyers have so far held that line, and the week's flat move suggests neither side has seized control. The composite's +8 reading, which leans slightly positive, conflicts with the price's drift lower, and that tension tells you the market is not committed to a direction. A daily close below $63,000 would put the bears in charge and open the path toward $62,000, while a reclaim of $65,000 would signal that the dip buyers are winning. Until one of those levels gives way, the range is the story, and patience is the play.

SCENARIOS

- Consolidation Above $63,000 (51%): triggers: Bitcoin holds daily closes above $63,000 within five trading days, with the Fear & Greed index staying below 35. Invalidation: A daily close below $63,000 within five trading days.
- Upside Reclaim of $65,000 (26%): triggers: Bitcoin prints a daily close above $65,000 within five trading days, followed by a push toward $66,000. Invalidation: A daily close back below $63,000 within five trading days.
- Downside Re-test of $62,000 (23%): triggers: Bitcoin loses $63,000 on a daily close within five trading days, targeting $62,000. Invalidation: A daily close back above $65,000 within five trading days.

KEY MARKET MOVERS

- Dormant Wallet Activity: A 12.5-year-old wallet moved its entire balance, and another stirred last week, a pattern that could precede distribution but has not yet shown exchange deposits.
- Mining Cost Pressure: Bitdeer's cost of revenue rose 65.3% year-over-year, with electricity expenses hitting $84.7 million, a structural headwind for miners that may influence hashrate decisions.

TOP STORIES

1. Bitdeer Cuts Gross Loss to $8.5M as Q2 Revenue Tops $228.8M
URL: https://news.bitcoin.com/featured/bitdeer-cuts-gross-loss-to-8-5m-as-q2-revenue-tops-228-8m
Published: 2026-08-10 05:16 PM CT
Summary: Bitdeer Technologies Group reported Q2 2026 revenue of $228.8 million, up 47% year-over-year, while cost of revenue climbed to $237.3 million, a 65.3% increase from the prior year. The company narrowed its gross loss to $8.5 million, a marked improvement from the $39 million gross loss in Q1 2026, but still recorded a net loss of $92.3 million. Self-mining revenue surged to $168.4 million, driven by a 389.4% jump in average hash rate to 69.5 exahashes per second, while AI cloud revenue grew to $14 million from $1.3 million a year earlier. Rising electricity expenses for self-mining reached $84.7 million, and depreciation and share-based compensation hit $79.8 million. Bitdeer holds $496.3 million in cash equivalents as of June 30, and it is leveraging a 16-year, $4.7 billion lease with Volta in Norway to pivot capacity into AI cloud infrastructure.

2. Another Dormant Bitcoin Wallet Holding Millions Wakes Up After 12 Years
URL: https://finance.yahoo.com/markets/crypto/articles/another-dormant-bitcoin-wallet-holding-191312131.html
Published: 2026-08-10 03:13 PM CT
Summary: A Bitcoin wallet that had been inactive for 12.5 years moved its entire balance on August 10, 2026. The address, which first received BTC on January 31, 2014, when Bitcoin traded below $1,000, transferred its holdings to a fresh address in block 961845. The move could realize a gain of about $1.73 million, a 7,975% return on an average cost near $803 per coin. Galaxy flagged the transfer but did not indicate a sale, and the sweep to a new address often precedes consolidation or a move toward an exchange. This awakening follows another dormant wallet that moved 49.97 BTC last week, part of a pattern of old coins stirring over the past two years.

3. Bitcoin Exchange-Traded Funds See Spike In Inflows Following Huge Hack
URL: https://bitcoinmagazine.com/news/bitcoin-etfs-see-biggest-flows-since-april
Published: 2026-08-10 02:35 PM CT
Summary: American Bitcoin ETFs took in $850 million last week, their biggest weekly inflow since April, according to Bloomberg figures. The inflows came the week after hackers stole over $130 million in Bitcoin from Coldcard wallets by exploiting a software vulnerability. BlackRock's Robert Mitchnick said on Bloomberg's ETF IQ show that investors want a simple, trusted vehicle and don't want to worry about Bitcoin's unique security requirements. He also noted the hack was not a breach of Bitcoin's protocol but an individual security mismanagement issue. Bitcoin's price is flat over the past seven days at $63,861, and the ETFs now manage nearly $80 billion in assets.

BobClawblaw/newspost.py v1.4.12 | deepseek-v4-flash-0731

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

A comment:

OMG...someone who held ~27btc sold after 12.5 years...run for the hills!  
The news sources these days lack much of a substance, imho.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

A comment:

OMG...someone who held ~27btc sold after 12.5 years...run for the hills!  
The news sources these days lack much of a substance, imho.

I thought the same...

Soon, some of us and our wallet activity could be featured in BobC's Bitcoin News Digest!