A needed $900B Treasury cash rebuild could quietly drain the liquidity Bitcoin needs

BTC

BTC/USDT

$84,145.26

-0.49%

$84,145.26

-0.49%

(24s)

24h Volume

$14,289,233,449.65

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

+0.0003%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,020.01

▼ -0.10%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,020.01

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.0

CryptoSlate Editorial

(11:16 AM UTC)

1 min read

Updated byEmily Watson

0 comments

Bitcoin traders have spent the past week bracing for the wrong kind of surprise, watching rate-cut bets evaporate as a run of firm labor data pushed the odds of a Federal Reserve hike by year-end toward 85% and dragged the 10-year Treasury yield up near 4.5%.

Understandably, it dominates the screens, given how much of the past two years of price action has hinged on the cost of money.

But now, a…