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

Stocks down --> Bitcoin down.
Stocks up --> Bitcoin up.

at least partially true, financial crisis presently brewing, and we know that wall street is now part of us.

https://www.zerohedge.com/markets/kamala-karnage-market-goes-haywire

two days of red markets in one month, yesterday was uniformly red.

warren buffets selling big chunk of big bank, why ?

https://www.zerohedge.com/markets/warren-buffett-continues-dumping-bofa-shares

normally btc should react positively, but ?

In last 10 days, since 27August, BTC ETFs unloaded $1,186B or about BTC20,5k (over 1,5 months of supply just in 10 days). With the whole Durov saga hedge funds might be thinking we're entering the "they fight us" stage and unloading corn. Very telling that blackrock had 0 flow in those past 10 days except for one day 29Aug where they had -$13,5MM outflow. That is, on 27Aug corn was at ~$62k and today ETFs closed around ~$53,5k and all 0 flow days except for one.

I don't know from where you are getting your data, since when I look at the data I see negative ouflows nearly negative days every day for the last 9 business days (two weeks) for both black rock and for overall, except Monday August 26 was overall positive.

https://farside.co.uk/btc/

The other issue is the correlation with the "risk-on" assets. This might be part of the "taming bitcoin". As long as funds holding BTC treat it as a risk-on asset it becomes a self-fulfilling prophecy, and traders gonna trade...