Transcription
And hello to everyone and welcome to Vision Crypto on this Friday, October 31, 2025, the last day of the month, and we had a significant drop yesterday, right? I told you to sell the news and that we could go lower. That's what we did, but on the other hand, you'll see that it's now relatively positive. So, well, we won't dwell on it, it's the map that is truly red. Of course, we had quite a bit of volume, 71 billion in volume for BTC and 36 billion in volume for Ethereum. And we are now back on our friend BTC. What did we do? Well, we went lower as I told you we could really pick up liquidity lower down. And well, that's what we did. You see, we went hunting all these previous lows here. All these previous lows here, and we are starting to bounce back. I thought we could go a little bit lower, but in the end, you see, we decided to stop here. We did capture a maximum of liquidity, and there is almost no more liquidity to be found at this level. So that's probably why we bounced back. And you can see, by the way, that we are pushing well now. If we could really take off again, that would be very, very positive, right? If we could have a really big bounce, a small retracement, and take off again, that would be very, very positive. If we look at the liquidations, look, we've captured almost all of it. What I told you was left to capture, well, you see, we've captured almost all of it. Why did I think we could go a tiny bit lower? To finish, you see this very last little pocket to pick up. I had a trade waiting at the level of 105,200 exactly. So, I thought we could go a tiny bit lower, and in the end, well, I wasn't executed. Now, however, we can see that we have a lot of liquidity to pick up to the north, and I'm looking at a week here. But if I switch to, for example, 3 months, we'll see that we have a lot more liquidity even further north. So, we really have an interest in going north. Look at this liquidity. We have here a huge, huge pocket of liquidity above the two previous highs here, and then we have a lot of liquidity above the ATH, of course. You see here, we are really, really packed with liquidity. So there's a real interest in pushing very hard to reach this liquidity and also to make a new ATH. Of course, it's not necessarily going to happen right away, but it could happen very, very quickly. And if we have a big green November, we could push very hard here and quickly reach these liquidations. In any case, you know, I believe we will have an exponential November and December. And so I hope this scenario will come true, knowing that now, unless we decide to go below here at the 92,000 level, which is also a possibility, attention, nothing is impossible. But now that everything is going a bit better geopolitically and with the interest rate cuts, I think we have almost everything to really take off again. So, of course, if we were to reach 92,000 here, it would really put everyone in trouble, everyone, everyone, and me first. And that's what the market wants. But I still think that there are already many, many people in trouble here. Our altcoins are already in a bad state, and the market sentiment is already weak. Look here, we've gone down again compared to yesterday. Yesterday, we were at 34. Today, we are at 31. So, we are really in fear. I thought we would be a little more in fear. However, with the drop we've had, well, believe me, if we go to 92,000, we will be in extreme fear. And I will clearly be part of that category. But no, really, I think now we can potentially take off again and leave the 92,000 behind. In any case, that's what I hope for November and December, that we take off strongly and go for the liquidity to the north now. Especially since the market has this interest, look here, we have an interest in going all the way up. We have over 20 billion to go for to the north, while now to the south, we have almost nothing left. Just here at 105,000, if we were to go down, we would have another 3 or 4 billion to pick up. But 3 or 4 billion compared to over 20 billion, well, where is the interest? It's clearly to the north. If we look at Ethereum, well, we can see that there is no interest in going lower. Look here, there are 2 billion to pick up, while to the north, it's the same, we have over 10 billion to pick up. So again, the interest is to go north. The interests are aligned for both Ethereum and BTC, which is to go for new highs now. In terms of liquidations, of course, yesterday it was still very painful. We had almost 900 million in liquidations, and therefore 769 million in long liquidations and 124 million in short liquidations. So, so the longs were still massacred. Two consecutive days where the longs were massacred. Now I hope that finally we can start to go up again. There are positive signals like what we can see here, right? Look here. This means that a lot of short positions have opened. And this is on Ethereum, and this is very positive. You know, I often show you BTC with BTC fundings, but it's the same for Ethereum. Fundings here, when they are negative, it's very positive precisely because we think we can take off and have a big short squeeze. But on Ethereum, it's the same when a lot of short positions open, well, we can have a mega short squeeze as well. So, what we can see here is that the fundings on BTC have not gone negative, but they are still very low, really low. However, what we can see here on the map is that there are a lot of short sellers, short positions that have opened, and so, well, that can be very positive as well for potentially taking off again. And look, Ethereum drops to $3,700 as traders panic, but significant short positions are opening on the various exchanges, which is historically a signal of price rebound according to Sentiment. So, well, they are right because generally when there are a lot of short sellers, well, we have a short squeeze. So let's hope we do it quickly, both on BTC and on Ethereum. Regarding ETFs, it's the same, we had more big outflows yesterday, look, 488 million on the BTC ETF. So that's obviously what didn't help the market to rebound. And on Ethereum, it's exactly the same, we had 184 million in outflows, so out of flow. So that, on the other hand, is really not great. I hope we will quickly see inflows again, which would prove that investors are regaining confidence in the market. Let's move on to the news. Coinbase announced a net profit of $433 million for the third quarter. Congratulations. The company's revenue reached $1.87 billion in the third quarter, compared to the predicted $1.8 billion. So the revenue is better than expected, but what's most important in this news is that Coinbase also announced that it bought $299 million worth of BTC during this period. So Coinbase also gorged on BTC during the third quarter. And so that's very positive again, well, because there was accumulation, a reserve, it's the same, they make cash reserves in BTC, and so it's very positive because they bought quite a lot. We continue with good news too, but we don't know more for now. President Trump calls his meeting with President Xi extraordinary. Now, we know that President Trump often exaggerates, and especially since we don't yet know the decisions that were made, because he says extraordinary, many decisions were made. But what kind of decisions? It turns out they could be bad decisions, it turns out he's angry, and it turns out it's ironic, and in the end, he'll apply tariffs. In short, I hope not. I don't think so either, because it's in no one's interest, and so I think we'll possibly have an answer today with what was decided. And so if it's positive, well, that's it, we'll have had the rate cut, we'll have had an agreement with China, all that will be missing is the shutdown that needs to be finished, and we could, I think, take off strongly again, everything is aligning. Let's continue with Bitmain, which took advantage of the dip. Look, Buy the Dip to buy another 44,036 Ethereum, so $166 million, during the Ethereum dip. So they continue to buy strongly. So, team, we'll see what happens. I remind you today is the last day of the month. Plus, it's the CME closing. It's the last day of the week for institutions. CME, Chicago Mercantile Exchange. So, so we'll see if it swings or not. Maybe we've found a bottom. We need to wait and see the structure of BTC and Ethereum today, and we'll see all of that, of course, in tomorrow's daily. By the way, if you haven't subscribed yet, don't hesitate to click the subscribe button so you don't miss any future videos. That's it, team, I'll leave you with that. I wish you an excellent day and I'll see you tomorrow in the daily, and most importantly, most importantly, stay curious. Ciao!