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re: Official CryptoTalk Thread

Posted on 5/20/25 at 4:53 pm to
Posted by beaverfever
Little Rock
Member since Jan 2008
34306 posts
Posted on 5/20/25 at 4:53 pm to
That’s good info. That would also explain why there is usually a flood past that price level once it’s breached.

You would think the major players like Cantor, Saylor, BlackRock would want to remove the degeneracy from the space and would start bullying these actors out. Easier said than done I imagine.

The reason I say that it would be better without it is that it seems to create a “hostile” market where people aren’t as comfortable coming and going as they would be otherwise.
This post was edited on 5/20/25 at 4:59 pm
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/20/25 at 5:10 pm to
There just isn’t enough “organic” price action yet.

A lot of volume you see are arbitrage bots. For example, look at BTC vs USD and then BTC vs Euro. It’s a little more flat over the last 48 hours.

When people talk about “retail”, they’re talking about organic price action that cannot be overcome by arbitrage or manipulation. They may not realize it, but that’s what they’re really talking about.


Organic price action fricks leveraged degenerates. It’s a rock tossed into a pond that causes ripples outside of the expected and periodic waves.
Posted by TechDawg2007
Bawville
Member since Nov 2007
32350 posts
Posted on 5/21/25 at 9:46 am to
Bitcoin is booming!!
Posted by beaverfever
Little Rock
Member since Jan 2008
34306 posts
Posted on 5/21/25 at 10:06 am to
I never feel like I have enough on these days.
Posted by I Love Bama
Alabama
Member since Nov 2007
38310 posts
Posted on 5/21/25 at 10:22 am to
A new ATH.

Congrats to all the believers.
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 11:26 am to
I’ve been watching the sell wall at 110k.

It looks like whoever has it up has been peeling btc off to try to suppress the price back below 109k. It’s slowly getting smaller without actually getting eaten into

They scared
Posted by beaverfever
Little Rock
Member since Jan 2008
34306 posts
Posted on 5/21/25 at 11:38 am to
I was wondering why we didn’t get a little blow off after we claimed a new ATH.
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 11:39 am to
You’ll see resistance/liquidity moved around in situations like this where it’s basically price discovery. Sell walls will appear and disappear out of no where.
Posted by BottomlandBrew
Member since Aug 2010
28432 posts
Posted on 5/21/25 at 11:41 am to
Interesting that it seems to be alts pushing BTC to an ATH.
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 11:44 am to
It may look that way but not quite yet IMO. They just have lower market caps and are more subject to volatility swings
Posted by BottomlandBrew
Member since Aug 2010
28432 posts
Posted on 5/21/25 at 11:50 am to
The pump seemed to coincide with the GENIUS Act moving to debate, which is much better for alts than bitcoin. Just my opinion.
Posted by 03 West CoChamps
Member since Sep 2024
168 posts
Posted on 5/21/25 at 11:59 am to
quote:


I’ve been watching the sell wall at 110k.

It looks like whoever has it up has been peeling btc off to try to suppress the price back below 109k. It’s slowly getting smaller without actually getting eaten into

They scared


People short leveraged to the max. Trying to hold it down. Lots of shorts screwed up there.

Lots of "cycle is over' narrative people about to be liquidated.
This post was edited on 5/21/25 at 12:05 pm
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 12:30 pm to
Gross rejection from 109. Damn.

107k-110k is the range to watch now. It wouldn’t hurt my feelings if we consolidated here for awhile.
This post was edited on 5/21/25 at 12:40 pm
Posted by 03 West CoChamps
Member since Sep 2024
168 posts
Posted on 5/21/25 at 12:46 pm to
2nd knock on 110 probably didn't have great chances to break. You could tell all the alts were holding steady when BTC was pushing. Where does it find support? 3rd knocks have much better chances.
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 1:56 pm to
Bad timing with bond market shitting itself again, too.
Posted by beaverfever
Little Rock
Member since Jan 2008
34306 posts
Posted on 5/21/25 at 5:05 pm to
quote:

107k-110k is the range to watch now. It wouldn’t hurt my feelings if we consolidated here for awhile.
Would be awesome.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81703 posts
Posted on 5/21/25 at 5:22 pm to
The bond fiasco threw a wrench into today's rally
Posted by Hateradedrink
Member since May 2023
3147 posts
Posted on 5/21/25 at 6:26 pm to
Welp.
Posted by beaverfever
Little Rock
Member since Jan 2008
34306 posts
Posted on 5/21/25 at 7:09 pm to
There is one thread about btc on the front page of the money board and the OT combined. That’s unbelievably bullish. And we’re at an all time high on a day where the DJIA took an 800+ point beating. That’s a non-correlated asset escaping its traditional cage. This thing is a monster.
This post was edited on 5/21/25 at 7:13 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81703 posts
Posted on 5/21/25 at 7:26 pm to
quote:

There is one thread about btc on the front page of the money board and the OT combined. That’s unbelievably bullish.
I kind of agree

When we ran to 70k March 2024, the front page had dozens of threads over a few day period. I kind of like how there is limited "retail" awareness
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