Transcription
[Music] Hello friends, I hope you are well, that you are in good shape, that you have the energy. Very happy to find you for this breaking news video this Friday, October 10, 2025, with a slightly red crypto market. Unfortunately, it's been correcting these past few days. Yesterday was not a pretty day. As soon as Wall Street opened, boom, it fell. We see that since the opening of the daily candle at 2 AM and the opening of the Asian stock markets, it's slightly green. Bitcoin is doing nothing, but some altcoins are trying to show a little green. Some are doing well, like Minuswap, up almost 5%. So, will we have the same joke today at the opening of Wall Street, and boom, it falls again like the day before yesterday, like yesterday? Well, let's hope they want to end the week in the green. For now, it's possible because we see that the futures on the financial indices up there are rather green. On the other hand, Wall Street, well, it wasn't super super last night. Okay, there's a video because, well, it fuels almost the whole planet, but we see that the Nasdaq and the S&P 500 finished in the red yesterday. So that's not top-notch. Now, it's a little bit red, you know, it's still in bull run mode. Well, if we take a quick look at this global market overview, we see that, well, Bitcoin yesterday was rather corrective, slightly. We went to test $119,800, it bounced back a bit. Ethereum is the same, it's been corrective for 2-3 days. The S&P 500 continues to rise, but in a small channel too. Be careful not to have a small correction starting. When it pushes hard, it's fine, but when it starts to zigzag upwards like that, it's a bit less good, like the Nasdaq here, you see. Well, so we'll see next week. Uh, already, as long as the American government is closed, well, there won't be much. Gold is also starting to correct a bit. The barrel continues to correct, which is normal. The dollar, on the other hand, is on a slight upward trend. Is it short-term? Is it medium-term? It's putting pressure on the markets, and for now, investors are also shunning the bond market a bit, it's rising. But be careful that this channel doesn't fall. Well, we'll talk about all that, but the analysis will be this afternoon. A quick look here. Why did $126,200 have a big rejection? You see this big red bar? Because that's simply where the biggest sell orders from the nasty whales who want to sell were. And we see a lot of green bars here. That means there are a lot of buys. Bitcoin is very supported. You see this big green bar, well, it supported Bitcoin, for example, at 6 PM yesterday when it wanted to fall below $120,000. So all of this is a lot of buy orders that extend here up to around $100, maybe $180,000. So we understand well that if $118,000 is broken violently, there's a chance that Bitcoin will go to test this big liquidity cluster at $107,000. Well, we'll see all that.
Now, the news this morning, bullish news, news that makes us happy because we still need a bit of optimism, we still need to stay positive in life. Three indicators tell us that Bitcoin could be in a super cycle and go super high, which is very possible. It's not because it corrects a bit for a few days, even a few weeks, that it's over, God is dead, it's finished. Bitcoin has had small, medium, or even nuclear bear market corrections for 15 years, and for 15 years it has exploded to the moon, you see. So don't be afraid when it's red. So yesterday, there was quite a bit of volatility. Powell gave a speech at the Community Banking Services Research Conference in Kansas City. It was a minor speech, and he didn't talk about the economy. So, well, he didn't teach us anything. As long as the American government is closed, there's no data, there's nothing. So the ships of finance are sailing in the fog for now. Well, we have quite a few technical measures on-chain that tell us that Bitcoin could be in a super cycle, heading to the moon. So, Bitcoin had hit $108,000 a few weeks ago, then it bounced back suddenly to $126,000. Which shows, well, there's a strong appetite from investors. Especially since ETFs have absorbed $3.2 billion last week, and they opened the week, and on Monday alone, over a billion dollars were bought. So this week too, we'll have around 2 billion, maybe 3 billion more Bitcoin purchases. So ETFs are crazy. So we have significant institutional and professional participation, as well as retail. ETFs are a major investment vehicle, and 2 billion every week, you know. It's really crazy, buying Bitcoin. Well, it's still interesting, and it also reflects a bit what we did during the November to December 2024 period when ETFs absorbed almost $6 billion, and Bitcoin exploded by 60%. You went from $67,000 to $108,000. It's clear that as long as ETFs are buying billions, well, that supports it. As soon as the selling pressure is over, if ETFs continue to buy billions, poof, it can explode like a champagne cork. In any case, institutions for now, especially Americans, are hungry for Bitcoin. They're showing it. And Glaj, the sustained inflows from ETFs in October and November could provide lasting support and show confidence in Bitcoin and support for the end of the year. It's clear that the fourth quarter is the most bullish of the year. So if, on top of that, there's enormous support with billions of dollars from Wall Street, well, it will go rather well for the fourth quarter.
Well, so there's a big appetite returning, and we also see this indicator that measures the Bitcoin accumulation trend score, which is here. And basically, you see that when the trend score is around 1, dark purple or black, it means accumulation. When it's around zero, it means distribution. And look here, it's turned black, so there's quite a bit of accumulation. That's rather good news. More precisely, it's the whales between 10 and 1000 Bitcoins who are starting to accumulate again. You see another indicator here, it's green, meaning portfolios are accumulating. So here, we have whales between 1000 and 100,000, uh, between 100 and 1000, and 10 and 100, who are accumulating quite a bit. Even the small ones, between 1 and 10, you see, are accumulating. So basically, all portfolios between 1 and 1000 Bitcoins are accumulating. Those between 1000 and 10,000 Bitcoins are still distributing a bit, and especially the big whales with over 10,000 continue to distribute a bit. Well, so the good news is that, well, we have the whales, let's say the sellers have become buyers. We need the big whales here to become buyers again too, and then it's off to the races, everyone up. Well, and speaking of everyone up, we have some, it's funny what I shared with you about a month or two ago, something like that. It's the 10-day accumulation cylinder. Basically, basically, it's a chart that tells you that Bitcoin is going to enter a super cycle. Remember, I shared this several weeks ago, and so a super cycle that would send Bitcoin to $500,000 before a nuclear bear market. Well, that's if Bitcoin follows previous cycles where there's a parabolic phase of crazy stuff where everyone says I'm the best investor, and it would go to around $450,000 to $500,000, then drop to around $150,000. So, of course, we vote, it makes us happy. In any case, it's quite bullish, and others also show a megaphone structure which, as before, are impulse, correction, continuation structures, megaphone structures, a kind of channel that just grows, and it's already done that in the last two years. It did it in 2023, it had it in 2024, and now it seems to be doing it in 2025, and if it continues to do these megaphone structures well, which seem to be validated upwards, then it's a Bitcoin that will target $300,000. So it's nice to see that. Now, these are a bit like crystal balls. We're never sure if these scenarios will happen. In any case, it's nice that there are very bullish scenarios where Bitcoin could explode. Heading to $300,000 or even $500,000. If that makes you happy, let me know in the comments.
Well, second news, other investors are still very bullish. They tell us, okay, well, Bitcoin correcting, it's creating an interesting deleveraging of the market, deleveraging on futures contracts. You should know that yes, the market is driven by spot purchases. These are the purchases that you and I make, that we buy or sell, but also by futures contracts, which are, well, people who are on futures contracts betting on the rise or fall. Well, futures contracts, there are perpetual futures contracts. And perpetual contracts, futures contracts. Perpetual contracts are 24/7, they are traded. And futures contracts are with a given date, options contracts, and so on. Well, there's always a date, an expiry date for the contract. In short, and so here, we see that the CVD increases as soon as Bitcoin hit $120,000 yesterday. Oh, what a coincidence. Well, yes, look. Why? Because there are big buy orders waiting, you see. So, it's completely normal. And in addition, we have a decrease in open interest on futures contracts. So basically, short positions are closing, and long positions are also closing. So, that's rather interesting. Among short-term holders, there have been as many buys as sells. Short-term holders are those who are most afraid, you see, if they've been there for a short time, so there's volatility, they're afraid, they sell, but they're also the ones who tend to buy back quickly to get Bitcoin as quickly as possible at a good price, you know. And so indicators showed us yesterday that ultimately, in the last 24 hours, as much Bitcoin was sold by short-term holders as Bitcoin was bought by these same short-term holders. So, that's a bit of an exchange, a rather equal distribution, it's rather rather positive to see that. And a little realization of leverage effects too. We have a 7.9% drop over the last 3 days on futures contracts. That's good news. It means things are calming down a bit. It's sure that if Bitcoin goes up and everyone places their big leverage at x1000, well, Bitcoin will go looking. You see, it's in relation to this chart here, you see that we have gigantic long positions waiting between 107 and 108. Does the market want to start hunting and go hunt these positions at 107, 108? Well, it's possible. And it's because there are big long positions open here by big whales that the market will go. If we have a strong deleveraging on futures contracts, perpetual contracts, well, the market won't hunt, you see. Well, that's why you have to be careful about that too. So here, there's a slight drop. So that's rather interesting. We also have another indicator, which is the Bitcoin MVRV ratio. Basically, it measures whether Bitcoin is overvalued or undervalued. It takes the market value over the, it compares Bitcoin's market cap with its realized cap, which is its average purchase price. And basically, this MVRV tells us that Bitcoin could rise by 15 to 25% for this fourth quarter to reach between $140,000 and $150,000. Well, that makes us happy, of course.
And the last interesting news is that the first Peruvian bank is now offering access to cryptos. Yes, so the Peruvian banking regulator has authorized the first bank to allow its clients, it's Banco Crédito del Perú, which allows them to buy and sell Bitcoin and USDC. So, well, it's very interesting. Now, the small catch is that, well, you can only stay within the bank, meaning you can only buy and sell Bitcoin or buy and sell USDC, but it stays within the bank. You can't withdraw your Bitcoin and USDC for now. So, they allow you to do that, but you stay within the bank. It allows them to control what's happening a bit. So good news that a bank is offering it. Bad news that you can't withdraw it. Let's say it's a start. Knowing that it's the largest and oldest bank in Peru, founded in 1989 and managing $52 billion. Well, it's a start, it's more interesting. We'll see if other banks follow suit, of course.
So, friends, that's it for this interesting little news this morning. We'll meet on social media. The links are in the description. We'll meet again this afternoon for the video too. Sending kisses, and see you later. Bye bye. [Music]