⚠️ $BTC DANGER ZONE! ⚠️ LONG LIQUIDATIONS LOOMING!
**Signal:** Bitcoin is under pressure due to the unwinding of the "Treasury basis trade," potentially leading to a wave of long liquidations between $73.8K and $74.4K.
**Key Points:**
* **Treasury Unwind:** The squaring off of Treasury arbitrage bets is causing higher bond yields and tighter market liquidity. * **Stock Futures Down:** U.S. stock futures are falling, increasing the risk of further losses in Bitcoin. * **Liquidation Risk:** Leveraged long positions in Bitcoin perpetual futures face liquidation if BTC drops to the $73.8K-$74.4K range. * **Downside Volatility:** Large long liquidations can exacerbate downward price movements.
**Trading Caution:** Exercise extreme caution with long positions on Bitcoin. A drop below $75,000 could trigger significant liquidations and further price declines.
