Breakout...for real this time?
Straight back down.
Bears fighting for their lives to keep us under $70,000 for some unknown reason.
quite some shorts to protect that get liquidated at 71-72k...
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 358. (Read 26465014 times)
June 04, 2024, 12:32:51 PM
Straight back down.
Bears fighting for their lives to keep us under $70,000 for some unknown reason.
quite some shorts to protect that get liquidated at 71-72k...
June 04, 2024, 12:24:53 PM
June 04, 2024, 12:18:27 PM
Promise me you will stay above $70k for than 5 minutes this time?
As soon as we'll get to $80k, yeah... we might stay above $70k for a while then...
June 04, 2024, 12:01:47 PM
Promise me you will stay above $70k for than 5 minutes this time?
June 04, 2024, 12:01:15 PM
June 04, 2024, 12:01:05 PM
Moon have been broken.
The old days have been brutal.
Keep printing red dots.
The old days have been brutal.
Keep printing red dots.
June 04, 2024, 11:39:53 AM
70K Done again....
June 04, 2024, 11:35:45 AM
70K @ stamp
June 04, 2024, 11:30:32 AM
Over 66000 for 15 days straight...
June 04, 2024, 11:29:36 AM
Bitcoin will be rich, definitely rich..
we all will get rich with this, keep calm..
Keep your heart and mind calm.
And accept the reward of peace..
we all will get rich with this, keep calm..
Keep your heart and mind calm.
And accept the reward of peace..
June 04, 2024, 11:29:27 AM
- Thailand approves first spot Bitcoin ETF.
Great news - first they banned Bitcoin as a means of payment, but they don't mind trading through ETFs - is that called adaptation or?When supply shock? Bears are about to get fucked, hard.
When I last looked at the liquidity data on CEXs, it said that they had about 1.8 million BTC - and regardless of the accuracy of the data, I think that the supply shock that has been talked about for years is not yet in sight.
According to Coinglass it's ~2.5m currently.
But IMHO only a small percentage of that balance is actually in the orderbooks and their owners willing to let these coins change hands. Also the amount decreases quickly and seems to be at an all time low right now:
To demonstrate to a coiner friend where we currently are in Bitcoin supply/inflation life, I created a tiny script to output supply, supply % and halving year:
Quote
Halving 1 in 2012 (at block # 210000) supply: 10500000.0000 (50.000%)
Halving 2 in 2016 (at block # 420000) supply: 15750000.0000 (75.000%)
Halving 3 in 2020 (at block # 630000) supply: 18375000.0000 (87.500%)
Halving 4 in 2024 (at block # 840000) supply: 19687500.0000 (93.750%)
Halving 5 in 2028 (at block # 1050000) supply: 20343750.0000 (96.875%)
Halving 6 in 2032 (at block # 1260000) supply: 20671875.0000 (98.438%)
Halving 7 in 2036 (at block # 1470000) supply: 20835937.5000 (99.219%)
Halving 8 in 2040 (at block # 1680000) supply: 20917968.7500 (99.609%)
Halving 9 in 2044 (at block # 1890000) supply: 20958984.3750 (99.805%)
Halving 10 in 2048 (at block # 2100000) supply: 20979492.1875 (99.902%)
Halving 11 in 2052 (at block # 2310000) supply: 20989746.0927 (99.951%)
Halving 12 in 2056 (at block # 2520000) supply: 20994873.0453 (99.976%)
Halving 13 in 2060 (at block # 2730000) supply: 20997436.5216 (99.988%)
Halving 14 in 2064 (at block # 2940000) supply: 20998718.2587 (99.994%)
Halving 15 in 2068 (at block # 3150000) supply: 20999359.1262 (99.997%)
Halving 16 in 2072 (at block # 3360000) supply: 20999679.5589 (99.998%)
Halving 17 in 2076 (at block # 3570000) supply: 20999839.7742 (99.999%)
Halving 18 in 2080 (at block # 3780000) supply: 20999919.8808 (100.000%)
Halving 19 in 2084 (at block # 3990000) supply: 20999959.9341 (100.000%)
Halving 20 in 2088 (at block # 4200000) supply: 20999979.9597 (100.000%)
Halving 2 in 2016 (at block # 420000) supply: 15750000.0000 (75.000%)
Halving 3 in 2020 (at block # 630000) supply: 18375000.0000 (87.500%)
Halving 4 in 2024 (at block # 840000) supply: 19687500.0000 (93.750%)
Halving 5 in 2028 (at block # 1050000) supply: 20343750.0000 (96.875%)
Halving 6 in 2032 (at block # 1260000) supply: 20671875.0000 (98.438%)
Halving 7 in 2036 (at block # 1470000) supply: 20835937.5000 (99.219%)
Halving 8 in 2040 (at block # 1680000) supply: 20917968.7500 (99.609%)
Halving 9 in 2044 (at block # 1890000) supply: 20958984.3750 (99.805%)
Halving 10 in 2048 (at block # 2100000) supply: 20979492.1875 (99.902%)
Halving 11 in 2052 (at block # 2310000) supply: 20989746.0927 (99.951%)
Halving 12 in 2056 (at block # 2520000) supply: 20994873.0453 (99.976%)
Halving 13 in 2060 (at block # 2730000) supply: 20997436.5216 (99.988%)
Halving 14 in 2064 (at block # 2940000) supply: 20998718.2587 (99.994%)
Halving 15 in 2068 (at block # 3150000) supply: 20999359.1262 (99.997%)
Halving 16 in 2072 (at block # 3360000) supply: 20999679.5589 (99.998%)
Halving 17 in 2076 (at block # 3570000) supply: 20999839.7742 (99.999%)
Halving 18 in 2080 (at block # 3780000) supply: 20999919.8808 (100.000%)
Halving 19 in 2084 (at block # 3990000) supply: 20999959.9341 (100.000%)
Halving 20 in 2088 (at block # 4200000) supply: 20999979.9597 (100.000%)
Right now we're at 93.84% of supply mined and the demand from institutional money is at record heights, I am none the wiser than you but I have a feeling the much bespoken supply shock is very close (rather weeks or months but not years I'd say).
So even more than I thought - but still it is a large amount, and people who keep their coins on CEX obviously have a good reason for it - let's assume that they want to sell them at a certain moment, maybe when the price reaches $100k? I have nothing against you being right - I would like to experience someone wanting to buy a large amount of BTC, but not being able to do so because there are no coins on the market.
June 04, 2024, 11:20:59 AM
Breakout...for real this time?
Straight back down.
Bears fighting for their lives to keep us under $70,000 for some unknown reason.
May I suggest appropriate reading material.
June 04, 2024, 11:02:59 AM
Breakout...for real this time?
Straight back down.
Bears fighting for their lives to keep us under $70,000 for some unknown reason.
It's OK. This is just foreplay. The real sex hasn't started yet.
June 04, 2024, 11:01:17 AM
June 04, 2024, 10:51:38 AM
Breakout...for real this time?
Straight back down.
Bears fighting for their lives to keep us under $70,000 for some unknown reason.
June 04, 2024, 10:14:37 AM
70 on the menu?
Swinging balls on the B day.
Colliding with corn.
Golf is more fun as I thought.
Swinging balls on the B day.
Colliding with corn.
Golf is more fun as I thought.
June 04, 2024, 10:13:01 AM
Breakout...for real this time?
June 04, 2024, 10:09:06 AM
- Thailand approves first spot Bitcoin ETF.
Great news - first they banned Bitcoin as a means of payment, but they don't mind trading through ETFs - is that called adaptation or?
Hypocrisy?
When supply shock? Bears are about to get fucked, hard.
When I last looked at the liquidity data on CEXs, it said that they had about 1.8 million BTC - and regardless of the accuracy of the data, I think that the supply shock that has been talked about for years is not yet in sight.
According to Coinglass it's ~2.5m currently.
But IMHO only a small percentage of that balance is actually in the orderbooks and their owners willing to let these coins change hands. Also the amount decreases quickly and seems to be at an all time low right now:
To demonstrate to a coiner friend where we currently are in Bitcoin supply/inflation life, I created a tiny script to output supply, supply % and halving year:
Quote
Halving 1 in 2012 (at block # 210000) supply: 10500000.0000 (50.000%)
Halving 2 in 2016 (at block # 420000) supply: 15750000.0000 (75.000%)
Halving 3 in 2020 (at block # 630000) supply: 18375000.0000 (87.500%)
Halving 4 in 2024 (at block # 840000) supply: 19687500.0000 (93.750%)
Halving 5 in 2028 (at block # 1050000) supply: 20343750.0000 (96.875%)
Halving 6 in 2032 (at block # 1260000) supply: 20671875.0000 (98.438%)
Halving 7 in 2036 (at block # 1470000) supply: 20835937.5000 (99.219%)
Halving 8 in 2040 (at block # 1680000) supply: 20917968.7500 (99.609%)
Halving 9 in 2044 (at block # 1890000) supply: 20958984.3750 (99.805%)
Halving 10 in 2048 (at block # 2100000) supply: 20979492.1875 (99.902%)
Halving 11 in 2052 (at block # 2310000) supply: 20989746.0927 (99.951%)
Halving 12 in 2056 (at block # 2520000) supply: 20994873.0453 (99.976%)
Halving 13 in 2060 (at block # 2730000) supply: 20997436.5216 (99.988%)
Halving 14 in 2064 (at block # 2940000) supply: 20998718.2587 (99.994%)
Halving 15 in 2068 (at block # 3150000) supply: 20999359.1262 (99.997%)
Halving 16 in 2072 (at block # 3360000) supply: 20999679.5589 (99.998%)
Halving 17 in 2076 (at block # 3570000) supply: 20999839.7742 (99.999%)
Halving 18 in 2080 (at block # 3780000) supply: 20999919.8808 (100.000%)
Halving 19 in 2084 (at block # 3990000) supply: 20999959.9341 (100.000%)
Halving 20 in 2088 (at block # 4200000) supply: 20999979.9597 (100.000%)
Halving 2 in 2016 (at block # 420000) supply: 15750000.0000 (75.000%)
Halving 3 in 2020 (at block # 630000) supply: 18375000.0000 (87.500%)
Halving 4 in 2024 (at block # 840000) supply: 19687500.0000 (93.750%)
Halving 5 in 2028 (at block # 1050000) supply: 20343750.0000 (96.875%)
Halving 6 in 2032 (at block # 1260000) supply: 20671875.0000 (98.438%)
Halving 7 in 2036 (at block # 1470000) supply: 20835937.5000 (99.219%)
Halving 8 in 2040 (at block # 1680000) supply: 20917968.7500 (99.609%)
Halving 9 in 2044 (at block # 1890000) supply: 20958984.3750 (99.805%)
Halving 10 in 2048 (at block # 2100000) supply: 20979492.1875 (99.902%)
Halving 11 in 2052 (at block # 2310000) supply: 20989746.0927 (99.951%)
Halving 12 in 2056 (at block # 2520000) supply: 20994873.0453 (99.976%)
Halving 13 in 2060 (at block # 2730000) supply: 20997436.5216 (99.988%)
Halving 14 in 2064 (at block # 2940000) supply: 20998718.2587 (99.994%)
Halving 15 in 2068 (at block # 3150000) supply: 20999359.1262 (99.997%)
Halving 16 in 2072 (at block # 3360000) supply: 20999679.5589 (99.998%)
Halving 17 in 2076 (at block # 3570000) supply: 20999839.7742 (99.999%)
Halving 18 in 2080 (at block # 3780000) supply: 20999919.8808 (100.000%)
Halving 19 in 2084 (at block # 3990000) supply: 20999959.9341 (100.000%)
Halving 20 in 2088 (at block # 4200000) supply: 20999979.9597 (100.000%)
Right now we're at 93.84% of supply mined and the demand from institutional money is at record heights, I am none the wiser than you but I have a feeling the much bespoken supply shock is very close (rather weeks or months but not years I'd say).
June 04, 2024, 10:01:15 AM
June 04, 2024, 09:38:59 AM
Bitcoin still fighting for a breakout which will happend...today ore later this week i hope.
Bitcoin cycle these days be like :
1. Start from 60k$
2. Move to 63-64k and stay there for a while.
3. Move to 68k and make people excited.
4. Move to 70k and make people excited for new ATH.
5. Fall back to step 1 or 2.
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