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Bitcoin traders are precariously betting on current sideways BTC price action soon ending.

Bitcoin (BTC) will liquidate $2 billion of BTC long positions if it drops just $3,000 from current levels.

Data from monitoring resource CoinGlass shows traders making huge bets on BTC price trajectory.

After plummeting $10,000 in hours following new all-time highs on March 5, Bitcoin has rebounded, making for a interesting situation on exchanges.

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