Transcription
And hello everyone and welcome to Vision Crypto on this Wednesday, October 15, 2025, with a map that is rather in the red. On the other hand, what remains positive, look, is that we have a lot of volume, and that's what we want to see because it means there is interest in the market. We see BTC 91 billion, Ethereum 62 billion. Remember when I used to do daily updates and we were around 20 billion for BTC and barely 10 billion for Ethereum. So, we can see that there is an enormous amount of volume. Of course, on the other hand, this leads to liquidations. We'll go and see that right away. Look, we've had 656 million in liquidations again. So, 441 million in longs, it's still the longs for now that are taking a relatively hard hit. And 215 million in shorts. We'll go and look at the charts right away. And we'll be right back on our friend BTC. Yesterday, I told you that we could be rejected from this RLZ short. That's what we did. So we went to look for a little more liquidity to the south, which means we had liquidations on longs, both on BTC and on Ethereum. Ethereum, we can also see it, you see, it's exactly the same principle. We went to look for liquidity to the south, we actually filled a part of the imbalance here that I had also indicated to you. I thought we were going to go a little bit lower. For now, we haven't. And what we're going to look for a little lower, well, it will depend on our friend BTC. If BTC makes another drop here, well, on Ethereum, of course, you know it. We will also make a second bearish leg. There is still an interest for BTC to go a little lower, knowing that we have also reinforced the liquidity by coming here and not going below this low, we have reinforced the liquidity to the south. That's why I have a trade ready here, and I think we could, depending on the news, of course. You know we are currently very, very driven by geopolitics, but if we get bad news or anything, we could very, very quickly recover all the liquidity here. We can see it on the liquidation heatmap, how we have really reinforced this liquidity pocket to the south. Oops, I'll zoom in a bit. So you see, by coming back to just test this old low here, we have really reinforced, you see here, very greatly, the liquidity pocket to the south. So there is a real interest in coming to look a little lower around 107,000 to capture this liquidity before potentially moving on. But you still see that we have a lot of liquidity. Anyway, the market's interest in the medium to long term for the end of the year is clearly to the north. We have a lot, a lot of liquidity to the north. We have almost eaten the entire liquidity with the big wick we had. We had come back down to 102,000. So, well, now, this is really short-term what I'm telling you. And potentially, before going to look for all this liquidity to the north, well, I expect us to come and look for this small liquidity to recharge before truly going in the opposite direction. So, I would like us to come and take this liquidity, you have understood. Now, we'll see what the market will do. It still depends on the geopolitical news. What we can still observe, look, is that here, we took a very, very hard hit. You see here the drop in orders. This is the open interest. So, these are the open orders, and here, we see a drastic drop with, well, of course, the liquidation cascade we had, and since then, we've gone up a little bit, but it remains relatively light. We have both shorters and longs opening. We can see it here, there is a little indecision on the funding rates. The funding rates are relatively low, we even went negative here. In short, we are really in a state of indecision in the market. What we can still observe is that we are in fear. I told you yesterday in the daily update that if BTC dropped a little, we would go from neutral to fear. And well, there it is, you see, we were at neutral yesterday at 42, and we have moved into fear. If we make another bearish leg, we will go even deeper into fear, which will be extremely positive because we will have recovered the liquidity to the south. We will really be in fear. So we will have almost everything to make a real rebound. Again, of course, it depends on geopolitics. Anyway, we are very, very focused on that right now. If we get really good news with an agreement, for example, between China and the United States, well, of course, the entire market risks a very strong upward movement. On the other hand, if we get bad news, we risk a crash, of course. So, of course, we will go and look for liquidity. Regarding ETFs, on the BTC ETF, we had 102 million in inflows, and on the Ethereum ETF, we had 236 million in inflows. There had been quite a few outflows in recent days on Ethereum, 428 million, 114 million. Well, just 8 million here, but now we are getting inflows again, and good inflows. 236 million is huge for Ethereum. Let's get to the news. President Trump and Chinese President Xi Jinping are planning a meeting to discuss trade, a White House official confirms. Okay. Now, when, we don't know, but on the other hand, we know that there will be a discussion between the two politicians. Of course, it will be very, very important to follow this. But on the other hand, keep in mind that for now, we don't have a date. We move on with Bloomberg, which announces live that BlackRock's ETF exceeds 100 billion dollars in assets under management. This is absolutely colossal, of course. It is the ETF with the fastest growth in history. Who would have thought? BTC is crushing all previous ETFs of the entity that manages the most money in the world. Of course, you've understood, BlackRock. Let's continue with Stripe, which we had already mentioned, which is now adding crypto stablecoin payments for subscriptions. This is extremely positive in terms of adoption. We know very well that there is massive adoption of stablecoins currently, but we need platforms like Stripe, like PayPal, to facilitate payments and exchanges of cryptocurrencies in general. But here, we are talking about stablecoins. So it's extremely positive again and it shows the adoption of cryptocurrency in traditional finance. We continue with the United States, which is requesting the seizure of 127,217 bitcoins linked to a scam led by Cambodian national Chen Z. This represents approximately 14 billion dollars at the current price. This would be the largest cryptocurrency seizure ever made. And so, you know, the United States wants to create a strategic reserve of 1 million BTC, but if they can directly seize other people's BTC, well, it costs much less for the United States. So, clearly, I think this is really a way for the United States to recover Bitcoin for free. 127,000. That means they have already taken, so to speak, 1/e of what they want to create in strategic reserves, and it saves them currently, well, 14 billion dollars. That's 14 billion dollars they don't have to spend. So, we can see it here, look, the US Department of Justice will add 127,271 BTC to its cryptocurrency holdings. So, it's good that they will keep them and start creating the BTC strategic reserve with these cryptocurrencies. And so, of course, it's a masterstroke for them, it's free BTC and it costs the taxpayers zero. It's just a seizure, it's much more interesting for them. On the other hand, what is a bit less interesting for us, but it means that, for example, if they want to make this reserve of 1 million, well, they will do it, normally they will do it, but if they want to make this reserve of 1 million BTC, well, already, there are 127,271 BTC that will not be bought because, well, they are already seized and therefore held by the United States. Let's continue with the Fed Chairman, Jerome Powell, who declares that economic growth before the government shutdown could be better than expected. And that's a very good thing. And why is that a very good thing? Well, simply because it means that on October 29th, there will likely be a continuation of the rate cut. Anyway, that's what the market is currently pricing in, a rate cut. So it's better if there's a continuation of the rate cut. That's all for this daily update, team. As usual, you've understood, we are very dependent on geopolitical news. We don't know what will happen with President Trump and President Xi. If we get good news, we explode upwards. If we get bad news, of course, we explode downwards. So for now, it's very difficult to see the market's direction. If we do technical analyses like I did earlier, well, you've understood that there is liquidity to be recovered just below, around 107,000. That's what I've been telling you for a few days. There is an interest in recovering it. But again, technical analyses will not necessarily be valid right now, given that geopolitics clearly dominates the market. As usual, we'll see that in future daily updates. That's why you shouldn't hesitate to click the subscribe button to not miss any future news. I'll leave you with that. I wish you an excellent day and I'll see you tomorrow in the daily update, and above all, above all, stay curious. Ciao! M.