Transcription
And hello to everyone and welcome to Vision Crypton this Wednesday, October 22, 2025, with this map that is rather mixed. We had a big pump then a big dump. We're going to go look at that together and you'll see that well, I'm a little undecided and I'm afraid we're going to fall into a big trap. You saw it on the thumbnail, but I think something is brewing and we're going to try to see that together. So what's good, however, is that we see it. Look at Bitcoin, 108 billion in volume in the last 24 hours. So we had a lot of volume on BTC, much less on Ethereum, it wasn't hit hard, but we still have 46 billion on Ethereum. And so if we go to our friend BTC, what did we do? So you see yesterday morning, we started with a drop. I told you we were going to recover liquidity. That's what we did. Look. And where did we go? We went into a long RLZ. We bounced back perfectly. And you see that we made a big wick yesterday around 5 PM to recover liquidity to the north. We stopped exactly where there was a maximum of liquidity to recover and then we had a big crash. And so you see that we really did the pump and dump and my problem is this dump. Why? Because here we had something extremely positive. We just recovered liquidity and nothing justified such a powerful dump. We could have had a small correction. Come back here to the previous high and then potentially move on or at least digest. But here, we dumped it all back. So that's not very, very positive. Why? Because we went, as I said, to recover liquidity and we re-entered below. Even if we haven't broken this previous low, it's still not very positive. And we'll go look at that in a second on the on-chain data. So on Ethereum, it's exactly the same principle. Look, we pumped, so we first went to look for liquidity. You see, I had put the little liquidity pockets here. Of course, we largely recovered them. I can delete them here. So, we recovered the liquidity. We did the same. We followed BTC here. We captured the liquidity above these two previous highs. So, you see, I told you here that we had reinforced the liquidity above because this high hadn't been sought above this high. So, we had just reinforced the liquidity. Well, here, on the other hand, with this little wick, we captured precisely this liquidity and we did the same as BTC, we re-entered. On the other hand, on Ethereum, it's even less pretty. Why? Because because we went to look for this low here. So you've understood, there's something that worries me and we're going to look at it right away together. So look already on the liquidation heatmap how blatant it is. We went to look for precisely all the liquidity to the north. You saw this pocket, right? I told you there was a strong market interest in capturing it. Well, you see in two or three wicks here, we came to recover it and then we turned around. And that's what I don't find very positive. Why? Because capturing liquidity to the north is generally to go look for liquidity to the south. And liquidity to the south, we have it. And yes, look at all this, it's liquidity to be recovered. And it extends to 100,000, right? So almost to 100,000. If we go where there's the most, we go up to 105,000. But if we want to go a little lower, we can go up to 102,000, 103,000 here. After, of course, there's still some, as I said, up to 100,000, but the majority of the liquidity stops around 102,000, 103,000 here. So yes, there's a lot of liquidity to be recovered to the south. So there's now an interest for the market to go and recover this liquidity to the south. That's why this is a problem for me. It's because we recovered this liquidity to the north and now there's liquidity to the south to be recovered. And why would we have come back, here I'm going back to BTC. And why would we have come back here? It's to avoid going to look for, well, all the lows here, here, and possibly here. So to really capture all this liquidity. So we could really see a big wick here to recover all the liquidity that is, as I said, to the south. In addition, there's other data. Look, look here. Here on the order book, we see that there are strictly no orders here. Up to where? Well, up to up to 101,000, 102,000. There are no orders. So if we were to fall, well, here, there's nothing at all to stop the price. We see it here. Here, we had a price stop. Why? Because there were orders and orders that were relatively substantial. Oops, I'll zoom in a bit. There, we had relatively substantial orders here. So we were stopped, right? You see here, we had 1023 BTC. But here, on the other hand, below, there's almost nothing left. There's here at the level of 107,500. But I mean, if we break that, well, there's absolutely nothing. Look, there's nothing, there's nothing, there's nothing. Up to uh 100,2000 at this level where we'll start to have orders to potentially block a fall. But otherwise, well, you see, we have absolutely nothing. So it can go extremely fast. A rather violent wick can go extremely fast to recover precisely all the liquidity that is to the south. So this is something that, by the way, is a problem for me, as you've understood. So we also see here the interest in capturing all this liquidity. You see, so up to 102,000, roughly, we have almost 5 billion to recover on BTC. So well yes, there's an interest in recovering that, even if the overall market interest is clearly to the north, since you see that well to the north, we have more, we have almost 17 billion to recover. So yes, in the long term, in the medium to long term, I am completely bullish, but I'm just afraid of a trap, of a big wick to liquidate everyone else and at the same time go look for liquidity to the south. I would say roughly a last drop. A last drop to really put everyone in trouble. We are still, you see, in fear. Yesterday, we were at 33, we had gone up a little. Now we've gone back down, of course, to 29. And if we were to have a big, big drop to liquidate everyone else and go look for liquidity to the south, well, we would finally enter extreme fear. So here, the entire market would really, really be in fear. I think everyone would be afraid of breaking 100,000 and having a structural reversal. Because if we have a structural reversal, well, it shows that we will potentially be bearish for quite some time. So that would be extremely scary, indeed. So, so the market, yes, has an interest in going to look for liquidity, it has an interest in putting everyone in fear, of course, and in making the last resistors capitulate. So with this pump and dump, we did, well, almost the same thing in terms of liquidation for longs and for shorts. You see it here, 345 million longs liquidated versus 302 million shorts liquidated. A total of 647 million, which really shows that we did this pump to liquidate the shorters, we recovered all the liquidity to the north, and we did a big dump where we liquidated, well, all the longs. So we did a cleanup on both sides. Now, what surprises me a little too is that you see here, we have the funding rates and we see that we are still generally very shorted. This means that shorters are very present. You see here, Tao, look at this. Tao -35%, meaning it's still very, very shorted. Dot is the same, -22%, it's very shorted too, Ni is the same, 13%. So you see that generally the market is already shorted and so well, we have almost everything ready to explode upwards. That's why I keep telling you, anyway, for a few daily updates, that I am extremely bullish and that I think we are going to explode everything upwards, that we are putting everyone in fear to then do a mega big short squeeze and surprise everyone. I remind you that the market wants to leave a maximum of people on the sidelines and that there are fewer people, therefore, on the train. And so seeing the funding rates negative here shows well that the shift has happened, meaning we see that people are shorting and bearish currently. So apart from going to look for liquidity to the south, well, I don't really see the interest in going south. So as I just said, apart from recovering liquidity and apart from putting even more people in trouble. We are already halfway in trouble but really making capitulate, capitulate. But well, we've been put in trouble several times already. We are already in trouble and the sentiment is already bearish since we see here the market is shorted. So you've understood, I'm really in between, that's why I'm observing the market, I've closed all my trades and now, well, I'm waiting to see what happens because I really have the impression that we could go very, very quickly to the bottom to capture liquidity and put everyone in trouble. And at the same time, I have this data here that tells me that well, the market is already extremely shorted and that despite everything, we have a lot of liquidity to seek to the north, right? Here I am in a week, if I switch to 3 months, we will see that we have liquidity to the north to recover. It's not because in the short term we recovered liquidity that we don't have any to the north. Look here, we are loaded above the ATH, we are loaded, loaded, loaded with liquidity. So, so the market's interest is still to go north in general. We have really a lot of liquidity to recover to the north. So in short, I don't know if the trap will be for the longs or for the shorts. That is to say, I don't know if we're going to make a big wick here to trap precisely all the longs and liquidate the longs and recover precisely all the liquidity to the south. Or, I don't know if all the data I'm seeing, the fact that there are no orders here and therefore, and therefore that we think we're going to go there very quickly, that we see that the shorts are extremely present and the fact that we have liquidity to the south are also data to trap us and in the end we will go back very strongly upwards and that in the end, well, we recovered the liquidity, we fell again to make people think that we are going to recover the liquidity to the south when in the end we will stop there and we will leave even stronger upwards. and go look for precisely, well, new ATHs. So there you go, as you've understood, I'm truly undecided in this daily update. For me, a trap is being prepared, but I don't know if it will be to trap the shorts or to trap the longs. And so when it's like that, well, what do we do? Well, we wait. Come on, let's look at the news. We still have President Trump who declares that his planned meeting with President Xi Jinping may not take place. So, is this news that could have made BTC crash? Not necessarily. We saw that the Nasdaq, the S&P 500 did not react to this news. Why BTC? Especially since we now understand that well, he gives good news, tomorrow he gives bad news, the day after tomorrow, he gives good news, the day after that, bad news. Besides, look here, good news, bad news, good news, bad news. So there you go, he's really playing with us. Every morning, he posts something. So, we don't really know what's going to happen, but we clearly can't rely on that. Come on, let's continue with the news. In addition, we had Sharpling Gaming which bought for 19,271 Etherum, bringing its total holdings to 859,853 Etherum. So Sharpling Gaming, I remind you, it's the second largest company after Bitmin. Bitmin is far ahead, but we saw yesterday that Bitmin had bought for 63 or 64,000 additional Etherum. And well, here, Sharpling Gaming, almost 20,000 additional Etherum as well. So they continue to buy and accumulate at the institutional level too. This is excellent news that is coming, of course, it's not immediate, but we currently have 155 crypto ETF filings that track 35 different digital assets. So this is what will happen, you see, in the market over the next 200 months. We have what? We have Solana, Bitcoin, XRP, Ethereum. We have this whole list that you can see here. So don't hesitate to pause if you want to see if your favorite cryptocurrency is there. Come on, last piece of news, which was positive. Look, we had inflows into the ETFs and so this is very, very positive since we had a lot of outflows in recent days. So it's really good to have inflows. So on BTC, we had 47 million inflows. And so for our friend Ethereum, we had 141 million inflows. Well team, that's it for the daily update. So you've understood that I'm very undecided. For me, there will be a trap on one side or the other. There will be a strong movement. That's what I'm trying to make you understand, is that there will be a relatively violent movement. So once again, you won't have to react emotionally. I hope, in any case, that in this daily update, you have understood my indecision. You have understood that all the data we can see doesn't all point in the same direction. So that's why, by the way, reading the market is relatively complicated. On that, we can only wait, as I've already said. So that's what we'll do and we'll see all that in tomorrow's daily update. If you don't want to miss tomorrow's daily update, I invite you right now to click on the subscribe button. On that, I'll leave you here. I wish you an excellent day and I'll see you tomorrow in the daily update. And above all, above all, stay curious. Ciao.