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Bitcoin Longs Could See Wave of Liquidation Between $73.8K-$74.4K as 'Treasury Basis Trade' Unwinds

The sharp rise in Treasury yields likely stems from the unwinding of basis trades and could trigger liquidity crisis, deepening the sell-off in risk assets.

A man trapped in the ocean. (nikko macaspac/Unsplash)
A man trapped in the ocean. (nikko macaspac/Unsplash)