Transcription
And hello everyone and welcome to Viscrypto this Friday, October 24, 2025, with a map that is rather mixed. We're going to go see what happened as usual on the charts. We're going to go see the on-chain data and we're going to go see especially the news because that's what will interest us in this daily report. Alright, let's get started right away with our friend BTC, who gave us a little push yesterday. So, I thought we were going to reach at least this level, around 112,000. And yes, for once, you see, I wanted to short because I think we're going to go recover the liquidity that's a bit lower. In addition, we continued to accumulate liquidity lower down. If we can go see it right away. Look. Hop, here. Look at the accumulation here. There is really an interest for the market to come and capture this pocket of liquidity. And I'm not saying we have to go look for 100,000 dollars, but at least recover up to 105,000 dollars here, all this little pocket of liquidity, and we could make a quick wick to go capture it. We could push a little bit more, you see, up to 112,000. And why 112,000? Well, simply, it's the short RLZ, so the RLZ of this movement. Look. Hop, we take here, we take here. And you see between 0.786 and 0.66, well, that's the short RLZ. So I think we could come here and be rejected. You see, I'm drawing a small line. I'm not necessarily going to look very low, but at least have a first rejection, then we'll see if we continue to push or not, that's something else. We could really go look for liquidity a bit higher because you see that we have liquidity here. So we could also push to go recover this liquidity before going to look for liquidity a bit lower. There are a lot of things that are going to happen next week, and in particular, we're going to go see right away the meeting between President Trump and Chinese President Xi Jinping. So it's finally happening, normally there should be a meeting. We didn't know what to expect. At one moment he tells us he's going to meet the Chinese president. At one moment he tells us no. At one moment he says there won't be an agreement. At one moment he says there will be agreements. In short, in short, you know now. You never know what to expect. But here, this is concrete. It seems that the President of the United States will meet the Chinese President next Thursday. And so that brings us to the end of the month, to Thursday, October 30th. And it's going to be very important. Why? Because first, I remind you that on the 29th, Jerome Powell will speak, and we will finally know if we are lowering rates or if we are keeping rates unchanged. Personally, you know, I think we will lower rates. And there's even the question of whether we will lower rates by 0.25 or 0.50, and the next day, there will be precisely the meeting of the two presidents. And so that will also be very important. Will an agreement come out of it or not? Well, we will see, of course, and it will be next week. In any case, we can see that the market at the moment is really waiting for next week, for Jerome Powell's speech, and then now we will also be waiting a lot for the meeting of the two presidents. We also see that Secretary of the Treasury Bensen will meet the Chinese Vice Premier tomorrow to discuss trade. So, there will already be a first meeting between the United States and China where they will already start to potentially establish contracts. It's even possible that contracts will be almost finalized and there will only be the signature of the Chinese president and the American president to validate all of this. So in any case, well, it's moving forward, and it's moving forward quickly, and that's good because I remind you that all of this is pressure on the market, and the market doesn't like uncertainty. So if we could clarify all of this, it could possibly give the market a breath of fresh air, and therefore we could potentially take off very strongly. So there you have it, you've understood that next week will be very, very important. Currently, well, we are making movements, if you like, where we are not really taking a direction. We liquidate a bit up, we liquidate a bit down. We know that we are accumulating a lot of liquidity to the south, we know that we have a very, very strong interest also above the old ATH. In short, for the moment, we are really in a market that is waiting. And waiting for what? Well, waiting for Jerome Powell's statements and waiting for the discussions between the United States and China. Of course, also the shutdown. The shutdown would need to stop for us to possibly also have the figures, because it's quite complicated not to have the figures. Especially since, look, today we should have very, very important figures. The core CPI, the monthly CPI, the annual CPI, the manufacturing PMI, the services PMI, all of these are extremely, extremely important figures precisely to see if the economy is doing well, if Jerome Powell will lower rates, if he will lower them by 0.25 or 0.50. In short, this is very, very important. So on the chart level, well, there's not much more to say. Ethereum, it's exactly the same principle. We haven't done much, huh. I was expecting us to push a little more, similarly into the short RLZ, which is located here around 4,000 dollars. So for the moment, well, I am waiting, and we will see what happens today. It's Friday, the last day of the week for institutional investors. We'll see if there's a bit more volatility or not. We can also see that it's relatively low. Look at the liquidations, only 226 million. We were used to a bit more, at least 300, 400, even 500 million per day. Here we had only 93 million in longs liquidated against 132 million in shorts liquidated. So we still have relatively low liquidations for yesterday's day. Well, for the last 24 hours. Also at the ETF level, we had small inflows, but inflows, that's the main thing. We had 20.3 million in inflows for the BTC ETF, and for our friend Ethereum, however, we had outflows again, 127 million in outflows. So, well, for the moment, we can clearly see that the market is undecided. We are waiting for news to regain confidence. And so the only thing to do, once again, is to be patient. Remember, you know it now because I tell you often in the daily reports, I am extremely, extremely bullish for this end of the year. Currently, we are waiting for news, but the news, sooner or later, will have a resolution which will be, I hope, positive. But we should indeed move towards something positive, and when everything takes off again, well, I think it will truly explode everything. What we can still see in general, look at this funding map. We have much, much more blue, dark blue than yellow. This means that in general, short sellers are very present. We see BNB here, which is very shorted. Look, -28%. We have APT here, very, very shorted too, -92%. We have Z shorted as well. Well, in short, you see that in general the market is rather bearish, and therefore the market is shorted. If we go to the funding rates, look at BTC here, it's the same, we have funding rates that are relatively low. We have almost no movement, you see, the market is calm and rather balanced between short sellers and longs. So for the moment, well, we are not taking a real direction. And continuing with the news, we have Trump who pardoned CZ. So, well, there you go, he said simply that his entourage said he had done nothing wrong, that he was innocent. So Trump has simply pardoned him. We have BNB which gained 3% at the time of the news, but otherwise nothing changes. In any case, he was already free, and I think his aides must surely be pleased to be pardoned by the American president. Also, we have the United States ending all trade negotiations with Canada. Are we going to go to war now, commercial war, with Canada? After, he didn't talk about tariffs or anything like that. It's just that we have this news, all commercial negotiation with Canada is stopped. Well, we'll see. I don't even know if it's good news or bad news. Have they simply reached agreements and there are no more negotiations to be done, or does Donald Trump plan to apply tariffs and once again do all his theatrics? Well, we'll see. But for the moment, we just have this news. We continue with JP Morgan, which predicts that the Fed will end its quantitative tightening next week. So, you know, there are two things: quantitative tightening and quantitative easing. And if we move to quantitative easing, well, it means that there will be liquidity that will arrive massively on the markets. So the problem with JP Morgan is that when they say something, it usually happens the opposite. So, well, should we take this news positively? In any case, I think so. The Fed, in any case, will move to quantitative easing. And again, it's better to wait until next week for Uncle Powell's speech to know if he lowers rates or not. Also, we are really not far from the answer, so it's best to be as patient as possible and wait to see that next week. Look here, in any case, we have the summary: CZ pardoned by Donald Trump, JP Morgan bets on the end of quantitative tightening. Scott Bensen assures that the best is yet to come for the golden age of the American economy. I hope so too. We also had US mortgage rates falling to 6.19%, the lowest level in 1 year. That's really very positive too. So, but clearly, I have the impression that we are moving in the right direction. Be careful, because we could very well have the rate cut and have a big crash just to shake everyone up, to trap people who are long on the news. So be careful, buy the rumor, sell the news. We could perhaps have a market that rises in anticipation and then a big dump to go look for liquidity if we haven't gone to get it. That is to say, if we continue to push all next week and all that, it could be extremely positive. Traders will become very bullish again, and then if we have the good news of a trade agreement with China and the good news of the rate cut, we could have a sell the news and boom, a big drop to go look for liquidity. In short, we will see all of that, of course, on the channel. As usual, don't hesitate to click on the subscribe button so you don't miss any future daily reports. For the moment, clearly, I am waiting. I think next week will be very busy. On that, I'll leave you. I wish you an excellent day and I'll tell you tomorrow in the daily report, and above all, above all, stay curious. Ciao!