The data from the Planet Daily shows that the total contract position of Bitcoin has reached 74.557 billion USD, setting a new historical high.

If all goes as expected, a dramatic showdown between bulls and bears is about to unfold.

Bitcoin has just surged to 109,400, with the bears becoming the first to be used as fuel. Next, Bitcoin is expected to have some actions to entice the bulls, followed by a significant pullback to wipe out the bullish positions. $BTC