Bitcoin traders are facing potential liquidation of long positions as prices approach the range of USD 73,800 to USD 74,400. This situation is largely attributed to the unwinding of the Treasury basis trade, which has created significant market dynamics. As traders adjust their strategies, the looming possibility of liquidations is raising concerns in the market, especially as Bitcoin approaches pivotal price levels. Understanding these market movements is crucial for participants as they navigate this volatile environment, influenced by larger economic indicators and trading positions.

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