According to CoinDesk, Michael Kramer, founder and CEO of Mott Capital Management, stated that Treasury settlement operations are expected to withdraw approximately $150 billion in liquidity from the financial system between May 28 and June 5, potentially exacerbating Bitcoin’s current downward trend. He noted that Bitcoin has historically served as a leading indicator of liquidity and has recently fallen below the key support level of around $75,000, declining approximately 11% from this month’s high of $82,500. Michael Kramer expects this round of liquidity tightening to primarily stem from U.S. Treasury and short-term bill settlements.
Mott Capital: U.S. Treasury operations may withdraw $15 billion in liquidity, potentially causing Bitcoin to drop further
TechFlowShare
Summary
Bitcoin news from Mott Capital highlights potential liquidity concerns, as U.S. Treasury operations from May 28 to June 5 may withdraw approximately $15 billion in liquidity, potentially exacerbating Bitcoin’s decline. The CEO noted that Bitcoin has fallen below $75,000, dropping roughly 11% from its May peak, and attributed this movement to reduced liquidity caused by U.S. Treasury and short-term T-bill settlements.
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