Transcription
Hello friends, I hope you are doing well, that you are in good shape, that you are happy to meet again for this breaking news video this Sunday, November 9, 2025, in front of a slightly red crypto market, unfortunately, because on Saturday, cryptos spent the day slightly correcting since the opening of the daily candle. Here, we see that it's also starting to be slightly red today. So for some, it's not much, for others, it stings a little, unfortunately. If we take a quick look at the liquidation map, just before launching the video, there wasn't this big giant green line. You see that? These are large buy orders waiting at $101,300. Before I opened the video, there were rather large sell orders waiting around $102,600. Well, so it's quite funny to see that. The large sell orders have been closed, large buy orders are open. This morning in the video on the VIP Telegram channel, I also showed you a little bit of the analysis. So, the structure it's drawing isn't very pretty, but we might have a bullish Sunday to make a nice regular on Bitcoin. I talked about it this morning on the VIP channel before falling back, because it's true that the structure that cryptos are drawing, as I showed you yesterday in the video analyzing regular or contracting patterns, isn't very bullish, you see. So for now, the small structure doesn't announce "let's go to the moon" for next week; it rather announces "be careful not to go a bit lower." We could have a small Sunday that will grab a bit of liquidity to the north, why? Because we already have these large buy orders, 2180 Bitcoins, waiting at $101,300, which could support the price, push Bitcoin above its high to make a nice regular flat and start eating them towards $104,650, and it could quickly go up to $109,000. That remains possible. Now, let's not forget the structure; the small structure remains not very pretty, and be careful, because at some point, Bitcoin could very well eat up this whole little cluster down to $95,000. We'll talk about that tonight in the analysis video, of course.
So, what are the latest news? We have several on-chain analyses that tell us: "Okay, it's the big ones, the old ones rather, who are putting the heavy selling pressure on the market, and the small ones are trying to buy." Like here, Glassnode shows us this graph that shows us, in essence, that everything red at the top represents the biggest whales with over 10,000 Bitcoins who are selling. Medium whales are a bit neutral, and the small ones, those with less than 1000 Bitcoins, are buying. So we have a distribution from large holders to smaller ones. Now, this is different from what we had at the beginning of the year. At the beginning of the year, when Bitcoin corrected by 30% due to tariffs, and we went to look for $14,000. Thanks, Trump. Everyone was selling. Okay. Normally, everyone was selling, everyone was in the red. That means everyone was dumping their Bitcoins. Here, we have the big ones dumping and the small ones buying. And so, it's the fight between the big ones and the small ones, meaning, will the small ones have enough buy orders to absorb the selling from the big ones? Well, we don't know that in advance. We will, of course, see.
In any case, it's these big whales who are dumping. And we also have this article that confirms it with Charles Edwards, founder of Capriole Investments, who tells us that the super whales are cashing in their gains on Bitcoin. Well, that's clearly it. So for now, we are in a rather gentle correction, in quotes, for Bitcoin, because we are at 18.7%. You should know that corrections of -20% to -30% in bull runs are commonplace. I mean, in all previous bull runs, there have been Bitcoin corrections of -30%. You know, there have even been bull runs with Bitcoin corrections of -40%. Bitcoin goes down -40% and boom, you're still in a bull run. It's like Bitcoin goes from $100,000 to $60,000. Everyone is in "PLS" mode, on life support, thinking "it's over, bear market." No, you're still in a bull run. So it was the 2015 bull run that had -40% corrections, and you were still in a bull run. The 2021 bull run had corrections of rather -25% to -30%, you see. Well, and us, since the bull run, since Bitcoin finished the bear market around $15,000, there have been several -30% corrections. So here, -20% is rather gentle.
Afterwards, the problem is when you look at the state of many altcoins, they are already completely down, you see. So it's a bit complicated. So if you stay focused on Bitcoin, you think, "the cycle might not be over," you see. But altcoins are another story. Some are really, really ugly. Well, and so we have the graph here from Glassnode that tells us: "Yes, look, the big whales are dumping their Bitcoin." So, each time they dumped their Bitcoin, like in 2018, in 2021, it was the end of the bull run. So, clearly, given the quantity they are dumping, it's the end of the bull run. Well, but we're being careful about that. You should know that the orange lines represent those with over $100 million in Bitcoin, and the red lines represent those with over half a billion. And all of this is for portfolios that are over 7 years old. So you see that, and you think, "phew, it's over, they're all selling, the OG whales." So, interpreted solely, it's not portfolios selling, it's portfolios moving their Bitcoin. So, it's true that when 7-year-old whales, who haven't touched their Bitcoin for 7 years, are moving it, people say they are selling, but not all of them. Okay? It's not because 7-year-old portfolios are moving, as we see, many are moving, that they are all selling. Some are selling, yes, clearly, but others are not selling.
Well, Glassnode also shares with us, this is really the selling addresses, those who are selling addresses, in essence, of over 1000 Bitcoins per hour. We see that yes, when we reach the end phases of a bull run, you see it accelerates. As soon as it accelerates, boom, it means a lot is being let go, and then it's over, all done. And here, we see in this cycle, well, it's been a bit all the time, a bit all the time, a bit all the time, a bit all the time, and here we see recently, you see, it's the last peak on the right. We don't have a lot of red lines accumulating on the right all of a sudden. On the contrary, it's been some time since we've had so much Bitcoin sold per hour. That's 1000 Bitcoins per hour. We had that recently. So here, you see, can we say, "Oh my god, we are like here in a cycle end with everyone selling?" Well, in fact, they sold, but it's quite spread out, and in recent weeks, it's not a lot of red lines accumulating. So yes, there's selling, but it's not a frenzy of selling. That's the idea.
Another thing, as I was telling you, is Willy Woo, who says "be careful, all of this..." Well, two things. The first is that all these lines, rather, represent movement. So these lines, movement, are not sales, okay? Some are sales, but above all, it measures movements, it's transfers, and so we can have transfers to, well, other storage methods. For example, we're talking about quantum computing. Some old whales also want to keep their Bitcoin, but at the moment, they are afraid of quantum computing, and so they are moving it to more secure addresses because old Bitcoin addresses, those that are 7 years old, are very insecure. These are the very first ones, you see, addresses. Well, we also have custody rotations that can be done. That is to say, well, those who have large amounts of Bitcoin can say, "Well, with large quantities, I'll have someone else keep it." It's also treasury companies that have their Bitcoin kept by someone else, you see, by real custody companies that will have really large defense systems to keep their Bitcoin in complete security. So be careful about that. When I see on social media, "be careful, they're all selling," you see that, and you think, "yes." No, there are also some who are just moving, okay? Who are not selling.
Well, and also Willy Woo, it should be noted that the market is showing good resilience. Okay, we are at $100,000, but we could have been much lower because we still have all this selling pressure from some OG whales, which is well absorbed by short-term holders who are buying. After, as I told you yesterday, and they also, you see, on Coin Telegraph, they agree, the analysis is not very bullish. They see, therefore, a bearish flag, they call it a flag, whatever you call it, a contracting flat, whatever you want, targeting around $900. So yes, be careful. For now, it's clearly not very bullish. We should rather expect, unfortunately, that we might fall a bit more, you see, unfortunately. Well, now we have Thorn, who is responsible at Galaxy Digital, who says, "Okay, at the moment, attention is diverted a bit from Bitcoin and cryptos, but attention will return to Bitcoin, as always." He said that on CNBC, that well, Bitcoin has been the trending investment for a bit longer, I'd even say since 2024, since the ETFs arrived. Don't forget, early 2024, the US ETFs came out, it was an astronomical craze for Bitcoin. Then we had phases of several months where the ETFs were sellers, Bitcoin was shunned. Yes, that lasted quite a few months, it lasted 8 months, you see, and all of a sudden, boom, the craze returned. Bitcoin explodes again. Trump comes to power, tariffs arrive. Go, it's the same. Bitcoin and crypto are shunned, it corrects for 5 months, and then when it's over, boom, the craze arrives, everything explodes upwards. So I say, especially Bitcoin and a few altcoins, not all of them.
Well, and here it's the same, we are in a phase where it's, well, it's correcting, it has corrected, people are a bit disinterested, they will leave, and then when this phase is over, boom. That's how it is, as usual. Well, so here, we have Thorn, Alex Thorn, who says that many issuers are also turning towards AI, nuclear energy, quantum technologies, towards the metaverse. So that also shifts investments a bit. He says there were many other profit opportunities this year, which slowed down investment in Bitcoin. However, Bitcoin did make a new all-time high. Well, he says, "We are entering a much more mature era. The transfer of Bitcoin ownership from old to new players is extremely beneficial for the distribution of these ownerships." Here's a sentence, he's absolutely right, which is that here we have the big whales who are either selling for some or transferring, and in essence, it's transferring to people who have too much Bitcoin because they bought it 7 years ago, to smaller holders. This is good because what we don't like is when a few entities have too much Bitcoin. You see, we prefer 1000 people who have one Bitcoin to one person who has 1000, you see? Because the person who has 1000, if they decide to sell, it can hurt you a lot. But for 1000 people to all decide to sell their Bitcoin, there's much less probability. So it's a diffusion of the supply, in essence, which is rather beneficial. It's better to have many users holding small amounts than a few users holding almost everything. You see that, I think everyone agrees.
Well, we also have Bitcoin and Nvidia, which have been very synchronized for a few months, and so when Nvidia falls, well, unfortunately, Bitcoin also corrects, especially since Nvidia took a hit in recent days, and Bitcoin followed, also taking a hit. Now, some talk about an AI bubble that could happen, but every year there are always people talking about a bubble of something. Every year there are analysts who cry "crash, crash" with anything. They'll give you any excuse. Yes, AI is very trendy right now, but is it a bubble or not? Well, we don't know. After all, it's true that there are big investors like Warren Buffett who have returned to cash as much as possible, and he often, when he returns to cash, he senses things that are not very pretty. Well, but after that, you can't time a bubble, no bubble. Is it a bubble, yes, but will it burst in 2 or 3 years, or in 6 months, or not at all? You can't bet on that. After all, it's good to be prudent in investing, of course. We also have Mera from Bordelas Capital who tells us that regarding quantum computing, we are very far from any threat because some say that the movement of these old Bitcoins could also be due to many whales fearing quantum computing, but on the other hand, you just move your Bitcoins to much more secure addresses. That's true, holding your Bitcoins yourself at home is not the same as if, first of all, you can buy a cold wallet because 7 years ago, cold wallets didn't exist like Ledger Nano S, you see. So physical wallets have much greater security than online wallets, clearly. So there can also be, therefore, all this quantity of whales moving their Bitcoin. Well, whales sending their Bitcoin to other wallets that are physical wallets that have much higher security than hot wallets. We call them hot wallets like, for example, Metamask, Rabby Wallet, all these wallets like that, you see. So he thinks that.
And then we have Charles Edwards from Capriole who tells us that the situation is more urgent concerning quantum computing. The sector needs to implement all of this. So what do I think? I think that behind Bitcoin and everyone, there are very, very intelligent people, very intelligent developers, and that if something needs to be done regarding quantum computing, they will do something. You can make updates to the Bitcoin blockchain, you can make updates to any blockchain. And so I trust the intelligent people behind it; they are not all looking at butterflies passing by. "Oh, quantum computing, we don't care, we don't care. We're chasing butterflies." No, people who think about Bitcoin 24/7, who develop Bitcoin 24/7, and I'm not worried about that.
Well friends, this little news video, we'll meet again this afternoon for the analysis and tonight for the live stream from 9 PM to 10 PM on YouTube. We'll talk about all of this if you want. I'm sending you kisses. See you later. Bye bye. [Music]