Transcription
And hello everyone, and welcome to Vision Crypto on this Thursday, September 25th, 2025, with a map that is still in the red. It's not really pleasant, especially since we have a BTC and an Ethereum that are falling. We'll go look at that in a second. Currently, we are having a week that is, well, terrible, relatively in the red. That's for sure. And I told you, maybe we'll have a red start to the week and a green end to the week, and that's something I still think is possible. Come on, let's go see right away what our friend BTC has done. Well, yesterday, it gave us a little push here. Which, by the way, led to a market sentiment that rose, we'll go look at that in a second. I find it crazy because, well, just a small rise like that was enough to have a slightly more bullish market sentiment. Well, that clearly means that people are much too optimistic. So, I can easily see us going to look for that liquidity pocket a bit lower. And besides, you know, I have a trade pending at the 10,500 level. So I'd like to go get it at the Ethereum level here. Look, there it is. Well, by the way, I entered my trade. I had a trade at the $4,050 level here. And well, there it is, I was executed. And so, well, currently, you see that I'm a little in profit, and we went to get the liquidity pockets below this low that I had already pointed out. We could potentially go even lower, but there's no real interest on Ethereum. Where there is interest, it's really on BTC. But on the other hand, you also know that if BTC goes down to look for 10,500, for example, and Ether, well, Ethereum will also take a hit, and we could look for, for example, 3,950, maybe 3,900, it will depend on BTC's fall, of course. We also see that BTC has recovered a lot of dominance. You see, we continue to recover dominance. How far could we recover dominance? Well, if we were to break, you know, this small resistance, because yes, we have a small resistance at this level. Look. Hop, there, we'll note it like this. Here, you see that we hit it once, we hit it twice, three times. Here, we had a large wick, but it was rejected too. We could even possibly count these small wicks here. And there, we are still in it. So, the question is, will we be rejected? If we are not rejected, we risk going to retest, you know, this large resistance that served as support. Here, if I zoom out a bit, look, hop there, in 4 hours, we could come back and hit here before potentially having another Bitcoin dominance drop. So, what's causing us to take a big hit on Ethereum and altcoins right now? Well, it's this. BTC is recovering dominance while falling. So, well, naturally, the rest of the market is crashing. We can also see it on Ethereum against BTC. Here, we see that we are constantly falling. So that confirms the fact that BTC is recovering dominance against Ethereum as well right now. So, clearly on Ethereum, we will be very dependent on what BTC does. If BTC gives us a small wick, then if it gives us a lightning wick, it could go very, very fast. But even if it does this lightning wick, I think that well, Ethereum will also be able to go a little bit lower. If we go look, look, in terms of interest, I've already shown it to you, but I'll show it to you again. Here, BTC, there is really a strong interest in coming back, and even below 110, if you really want to capture maximum liquidity, you'll have to go look. You see, at least here, well, the minimum would be 109,000, and why not even a little lower. And so, there is a real general interest in coming to capture maximum liquidity to the south. Unlike Ethereum, look, there's almost nothing left to recover. Now, the interest on Ethereum is truly to the north. And that's why, by the way, I decided to enter on Ethereum because there's not much interest to the south anymore. The only interest is at the $4,000 level, possibly. So, we could go look at the $4,000 level, and after that, well, there's almost nothing left to recover. Also, what we can see is that on BTC ETFs, we had inflows. The BTC price is still supported, look, 241 million, whereas that's not the case at all for Ethereum, since we had more outflows. Look here, 79 million outflows on the Ethereum ETF. So, for the moment, we can clearly see that it's BTC that is draining market liquidity. It's BTC that is regaining its dominant position, and it's BTC that is also draining money with the ETFs. So, I told you at the beginning of the video that indeed, market sentiment had risen, even though we had a small dip on BTC, and look, we're back to 41, whereas we were in fear at 39. That's not something I find positive. I really want us to be in fear. So, I hope, by the way, that we'll have a liquidity wick at least at 110,000, 1100, that's fine with me. That's where I enter. But if we go a little lower, at 110,000, maybe 109,000, just to really put everyone in fear because people are clearly too confident. By the way, what happened? Well, people thought that here, that's it, we had found the bottom, and so, well, they started, I think, to go long again, and so the market, there's a very high probability that it will punish them. Look, it's a shame. At the funding rate level, we weren't doing well at all. We see that here, during the small rise, there was a maximum of short sellers. So, that means that in fact, there were longs that were taken here. The price was bought back very strongly. There were big, big orders here that stopped the price at the 111,000 level. And after that, we see that, well, there were shorts that came in very strongly here. So, well, currently, by the way, we see that, well, they are the ones putting pressure, but here we see the funding rate is rising, so longs are repositioning themselves. And so, clearly, it's a shame because if there had been short sellers, short sellers, short sellers, we could have had a mega big short squeeze. So, that's something to watch, you know, I watch funding rates a lot. It helps to see who is predominant, whether it's short sellers who are very present or long sellers. Well, for the moment, at the liquidation level, it's always the same, it's long sellers who get taken advantage of, generally speaking. 223 million longs liquidated versus only 83 million shorts liquidated, for a total of 307 million. At the heatmap level, you've understood here, there's still a small liquidity pocket to be sought. If we really wanted to hurt the market badly, we could go as far as 105,000 because up to 105,000, we are covered. Also, if we pay attention to all of this, we see that we have a lot of liquidity to the north. So, there is still a very, very strong interest in going north, but I'm talking really in the short term, there is an interest in coming to seek liquidity to the south and to further take down those who are too confident in long positions. So, my scenario, yes, it's still bullish in the very short term. I would really like to go get at least this last liquidity pocket before moving on, because if we go get these liquidity pockets, I think, well, we could move back up. I think we can leave liquidity a bit lower, particularly at the 107,000, 105,000, 108,000 levels, and just recover this last liquidity pocket before moving on and trapping all the people who are waiting for the price to go a bit lower just to recover all the liquidity. I remind you that there is, I can tell you that there is a maximum of orders in these levels, at the 107, 108, 109,000 levels. So, why not trap a maximum of people, just take these small liquidity pockets here. That's why, by the way, I'm positioning myself at 110,500 and not necessarily lower. So, just come and recover that, and then finish with the drop and move on to resume an upward short-term trend and finally reach new highs. Also, what needs to be taken into account and what is extremely positive is, I'll switch to weekly here, it's USDT. The market cap of USDT is just exploding, exploding, exploding. I don't know if you realize we're talking in billions here. Billion is milliard, and so, well, you can see that last week, in a single week, we created nearly 2 billion more on USDT, and that today is only Thursday, and we've already created another billion more. We keep printing USDT, and all of this is liquidity that will be poured into the crypto market. So, that's extremely positive, once again. Come on, look at another piece of news that is extremely positive. A new report shows that 32 countries are now looking to gain exposure to Bitcoin, with 16 offering strategic reserves and others wishing to do so through mining, by investing or by accepting BTC for tax payments. So, researchers are calling this a theoretical race, consolidating Bitcoin as a rising macroeconomic asset. And indeed, the more countries adopt it, the more utility BTC will have, for example, the utility of paying taxes in BTC. That, for example, is real utility. It means you have real value behind your BTC, and additional real value at the state level. So, so there's clearly no doubt about that. It means that BTC has real value and is accepted as such in terms of a medium of exchange. So, that's extremely positive. So, 32 countries now looking to gain exposure to BTC. That can only be bullish for the future. I'm not talking about the short term, of course, I'm talking about the medium to long term. And anyway, on BTC, you have to have a long-term vision. That's why, you know, I do DCA, a DCA every Monday on BTC. So, I accumulate as much BTC as I can. Every Monday, I buy, and it's a DCA for the long term, meaning, well, for 5 years, 10 years. In short, I'm waiting to see, for example, a BTC at 1 million if we ever get there. Come on, what proves we're moving forward too, is that the SEC has authorized the ETF, Hdeex, NASDAQ, Crypto Index US to operate under new generic cooperation standards. The fund is now authorized to hold cryptocurrencies other than Bitcoin and Ethereum, including XRP, Solana, and XCM. So, here too, we are moving forward at the ETF level. We continue with RWA. So, you know, this is a sector that I particularly appreciate, and especially with tokenized real estate. You know that I am very exposed to tokenized real estate. So, RWA is a sector that, for me, is going to explode. And what do we see here? We see that we have surpassed 30 billion dollars with over 400,000 holders, so excluding stablecoins. So, the RWA market is in full expansion. We see it clearly here. Anyway, I also remind you that RWA is a narrative that is strongly pushed by BlackRock. So, well, just by saying that BlackRock is behind it, we can be a little bullish on this sector. So, there you go, very happy to see the RWA sector pushing so strongly. Come on, last piece of news that I also find very positive. Crypto treasury companies now hold $107 billion in assets. We see how much the scale has climbed, climbed. You see, in December 2024, we had a strong surge, then a bit of stagnation, and then we picked up again between April and May. We really pushed very strongly in terms of adoption and in terms of treasury. And what's very positive is that this $107 billion, I remind you, is crypto treasury creation. So, from the moment it's treasury, it's not meant to be sold immediately. It's a store of value. And so, well, $107 billion that continues to increase, that is not meant to be sold. And well, that also makes me bullish because there is no selling pressure on this money. So, really, once again, we see here on this curve, we see adoption, the creation of treasury reserves, and how much there has been a very, very strong enthusiasm, and even in 2025, here, we had a very strong enthusiasm, and that, again, as I told you, makes me relatively bullish. So, of course, you know that in the medium to long term, I am bullish. Well, long term, be careful because we're going to hit a market correction at one point or another, but for the end of this year, at least, I am relatively bullish in the very short term. I would like us to go down and hit the 110,000, 1100 level to put a last little cap. After that, I would like us to go up strongly, but generally speaking, you know, I remain bullish for the end of this year. Come on, last thing. Today, we have the quarterly GDP, which will be very important. Weekly unemployment claims, you also know that plays a role, and existing home sales, a little less important. Well, at least, it's important, but it will move the markets less than GDP and unemployment claims. So, be careful about that. Today, markets can indeed move strongly. That's it, team, you have my scenario. We'll see what happens in tomorrow's daily. If you don't want to miss anything, as usual, don't hesitate to click the subscribe button, to like, to comment, and I'll tell you see you tomorrow in the daily, and above all, above all, stay curious. Ciao!