The group keeps shouting 'bottomed out, bottomed out,' but the panic is getting worse day by day. Yet, if you take a look at the contract market, the bulls haven’t even left. One liquidation after another, and the funding rate has just turned positive from negative. Retail investors are panicking emotionally, while contract traders are leaning bullish in their positions. These two things often happen together—whoever gives in first ends up handing ammo to the other side. Big news is dropping tonight from Switzerland. Those who needed to panic have already done so in the past few days.