Going long on cryptocurrency today might not be advisable due to several reasons:

1. Rising U.S. Treasury Yields: Higher bond yields reduce the attractiveness of riskier assets like cryptocurrencies.

2. Significant Outflows from Bitcoin ETFs: This indicates a shift away from crypto investments.

3. High Liquidations of Long Positions: Many long positions have been liquidated recently, increasing selling pressure and driving prices down.

These factors suggest a bearish market sentiment, making long positions riskier.

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