BTC ETH The intense battle isn’t over yet. Just now, Bitcoin dropped below 90K but quickly recovered. This wave of forcing longs hasn’t led to a large-scale surrender by the bulls, who are still continuing to increase their positions. Specifically, from early this morning until 9 AM, Binance perpetual bulls added $600 million worth of long positions between 93-91, while the corresponding shorts are trend-following players. The open interest data on Binance perpetual clearly shows the current market’s capital dynamics. The sign of this downward trend ending and entering a consolidation phase will be one side surrendering, leading to a significant drop in open interest.