Transcription
And hello to everyone and welcome to Vision Crypto on this Friday, September 26, 2025, with this very red map. And yes, we took it extremely hard yesterday. Your wallets are probably in the red, in the blood, and finally, I want to say we had a good correction. Yes, it hurts extremely, but I've been telling you for a few days now that we risk going lower. We risk going to seek this liquidity, and that we really needed a knockout blow. It was even the title of yesterday's thumbnail, a final knockout blow. So, finally, we had it. Now, the question is, will we start again, or will we have another one? And that's what we're going to try to determine in this daily.
Alright, first of all, so yes, we are extremely red, and we're going to see here. Look, it really hurts a lot, the market is totally in the dumps. 170 billion dollars wiped out from the total crypto market cap in the last 24 hours. So yes, it hurts extremely, extremely.
So, what did we do with our friend BTC? Well, I told you first that we weren't far from capturing this little pocket of liquidity here. And well, there it is, of course, we went to retrieve it, and not only that. We went a little lower. So first, hop, this is wiped out. Wiped out. We came to get this pocket here as well. So this is to be wiped out, and we also came to get this one. So we recovered quite a lot of liquidity. There's still some left below, you know. We don't see it here, but we'll see it in a second. But we have a lot of liquidity down to 106, 105, 106,000. We know we are loaded with liquidity. I remind you that here, at the time, I was already telling you that I wanted us to go and get the liquidity. Ultimately left. So there is really an interest in coming back here. First, there is the long RLZ, and second, there is a lot of liquidity. So, will we finally come here and then build and leave again? For the moment, well, I would tell you here, we came to capture a lot of liquidity. Do we have a bullish reaction? No, we don't have the bullish reaction that I would like here. We should have made a wick. We should have had a very strong engulfing, and for the moment, well, clearly, we don't.
So for me, can we go lower? Yes, we can go lower, but aren't there many people who will wait to take a trade a little lower here? Well yes, that's for sure. Many people will wait here, and what's more, as if by chance, the liquidity will be entirely recovered. So, will we offer this opportunity to traders? Well, unfortunately, I can't tell you that. The only thing I can tell you is that the reaction here is not crazy. So, well, I think that possibly we could make another small wick a little lower. Finally, clearly, there is still liquidity. Now, to see where we are going. Well, we will see that in the next dailies.
There, we didn't get the reaction I would have wanted here. I, of course, entered a trade here, so I am in a trade at this level. At the 10500 level, of course, I am currently at a loss. Same for Ethereum, you can see it here, I entered at the 4050 level, I am also at a loss. And regarding Ethereum, well, you see, we broke this structure here. We went below the support, and we tested these old highs here. Clearly, we need to hold these old highs, and we would need to quickly re-enter the range we were in. If we don't re-enter quickly, well, unfortunately, it means we could go a little lower. And there, believe me, it won't be pleasant at all. However, if we manage to re-enter quickly here, then we could have a very powerful takeoff afterwards. So that would be extremely bullish. Look exactly like what we did in the past here. See, we had a big range here. We had a big deviation, we went to get liquidity a little lower. We even came back to the long RLZ right here, and you see, we re-entered, and once we re-entered, after that, it was, I remind you, the takeoff.
Will we do the same thing here? Because here, we are doing exactly the same thing. We had a range deviation. Will we now go back up here? And if we go back up exactly like we saw a second ago, it will be extremely bullish. But of course, we need to go back up, and we must not be rejected. We could very well continue to be pushed here and be rejected by the resistance. And if we are rejected by the resistance, it will be to go lower. And there, it won't be great, as I said 2 seconds ago.
So, regarding Total 3, of course, we were really hammered. We took an extremely hard hit. But well, anyway, it's normal. From the moment BTC and Ethereum fall, the rest of the market just follows.
So now, what caused us to fall? Well, nothing in particular. We can even look here. Yesterday's numbers were uh positive, even very uh positive. And yet, we still fell very sharply. Well, quite simply, what did we do? Look, if I switch to daily here, we pushed so hard, look at the NASDAQ and the S&P 500. We didn't, we pushed so, so, so hard that well, at some point, there has to be a correction. Despite the good macroeconomic news, there is a market breather. And so, well, as I had indicated, when we explode in the traditional finance market, BTC is sometimes not correlated. That was the case. But on the other hand, every time we fall, well, generally BTC is correlated. It resists more or less strongly, but on the other hand, it follows the same movement. And there, well, we have falls, for example, on the Nasdaq. So BTC also fell sharply. In addition, as we had seen, there was still a strong interest in cryptocurrencies, particularly in BTC, to go and get liquidity. So, well, why not go and get it. We can see it here on Ethereum, there's almost nothing left to the south. Now, there is really a big, big interest to the north. So that's very positive for Ethereum. But on BTC, you'll see, there's still a little liquidity here. What was I telling you? Down to 106, 105,000. Well, look, strangely, here down to 105,200 or even 105,000, there is still a lot of liquidity to be recovered.
However, what remains very positive is that when we look at this, there is still more interest now to the north than to the south. So that means that yes, there is still a little liquidity to be recovered to the south, but the market's interest now is clearly to go north. In addition, something I like, first, we have recovered quite a lot of liquidity. We have cleaned up everyone a bit. Look here, how much damage we did. Over a billion in long liquidations. That's huge. 1 billion in long liquidations. I remind you that in one week, we passed 2 billion, over 2.5 billion in liquidations. So that hurts extremely, extremely. And only 120 million in shorts. So we really hurt the longs a lot, we cleaned them out. Again, the only thing I would like to see here is negative funding rates. For the moment, we don't have them yet. So, will we do one last little purge to really put everyone in trouble? It's possible. But what I find positive, look, is the market sentiment. That's it, we finally took a hit. I told you yesterday in the daily, I told you that we were much too optimistic. Even if we were in neutral, look, we were at 41. Even if we were in neutral, we were much too optimistic. We see that we had a tiny rebound. We were still in a bad state, we had a tiny rebound, and the market sentiment was already starting to rise again. No, that wasn't normal. And here, on the other hand, the fact that we are really in fear, well, I find that bullish. Yes, I know, it's paradoxical, but you know, when people are in fear, it means the market can potentially rebound, and when, on the contrary, we are in euphoria, well, you have to be extremely careful about the big drops that can occur.
So, I feel a little more comfortable with this crypto fear and greed index because I think that's it, if people really start to have this switch, we will see in a few days, maybe today, maybe tomorrow, more and more shorts, and when there are more and more shorts, we will create liquidity, and we will probably have the opportunity to have a mega big short squeeze.
If we look at the ETFs, yes, we had outflows, exits, which didn't help at all, of course. 253 million in outflows for the BTC ETF and 251 million in outflows for Ethereum as well. So that really hurts a lot. Today, once again, we will have macro news. We have the PCE core. So you know that it's extremely, look, what's more, it's Friday, so we can have a lot of volatility. We will see if it only affects traditional finance or if we will also seek volatility on our friend BTC. We will see that in tomorrow's daily. So for those who don't want to miss anything, don't hesitate to click the subscribe button.
Alright, regarding the news, we have Australia which is drafting a bill to place crypto companies under the same regulatory framework as traditional financial services. The proposed legislation aims to amend the Corporations Act 2001 to capture digital asset platforms and tokenized custody platforms and introduce each as new financial products. So, is this a good thing? Is it a bad thing? Well, everyone has to make their own choice. I think at least, well, it means they are considered, and I think that's pretty good. They will at least be framed by the same laws as financial companies. So why not, at least there will be a clear framework.
Alright, let's move on with BlackRock filing an application to open a file for a Bitcoin Premium Income ETF in the lower. So, what does that mean? Well, well, simply, it won't be a classic spot Bitcoin, it's a Bitcoin that is supposed to generate yield annually. And so, it's a slightly more complex financial product, but to simplify things for you, well, it's simply Bitcoin that generates a return. So what we can say about it is that BlackRock is looking to make more and more money with BTC, with slightly riskier products. And why is it doing that? Well, clearly, because it can attract investors, of course, otherwise, it wouldn't do it.
Alright, let's continue. Be careful. Of course, fraudsters are posing as Confé in a fake partnership with the password manager DCH Lane. So once again, be very, very careful. There will be more and more scams, and more and more clever scams. They really rival ingenuity when it comes to stealing your money.
Alright team, we'll end on this. Well, I know morale must be at rock bottom, but tell yourself that it was necessary. Clearly, it was necessary. I kept telling you that we were probably going to go lower, that we were going to, at one point or another, either break out upwards first and then go down very sharply. Here, we are going down first. So, for me, that's something that suits me. We're going down. Remember the scenarios in a daily I did on Sunday. So, we're going to look for liquidity at the bottom. Then, we'll probably break out and make a new ATH. And when we retrace, we won't necessarily retrace very sharply. That is to say, we can go up to 130, 140, maybe 150,000, come back to 120 or 130,000, and we won't necessarily come back to 105,000 to get all the liquidity since it will have already been recovered. And that's what you need to see. You need to tell yourself that it's a very good thing to recover liquidity before leaving again.
Personally, I find it rather bullish. Yes, of course, it hurts. I'm not telling you about the state of my wallet, especially you know with Ethereum currently, I'm not telling you that I'm in the red. Of course, I'm in the red, but the main thing is to tell yourself that it will rebound at the end of the year. So keep hope, once again, try to keep your spirits up, and I'll tell you tomorrow in the daily, and above all, above all, stay curious. Ciao!