BTC ETH On the 20th, it was mentioned that although the bulls hadn’t fully surrendered, the left-side bottom prediction of 88 being the floor turned out to be wrong, as Bitcoin ($BTC) kept dropping all the way to 80 before stabilizing. Currently, the main bullish forces in the Bitcoin contract market are starting to show signs of surrender. So far, bulls have collectively surrendered positions worth $1 billion, while bearish forces are taking profits accordingly. Here’s the detailed breakdown of the bull-bear battle: First wave: After Bitcoin ($BTC) broke below 88 and dropped to 80, bulls surrendered $500 million in stop-loss positions. Second wave: When Bitcoin ($BTC) rebounded above 85, bulls continued to surrender another $500 million in stop-loss positions.