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

BTC

BTC/USDT

$63,053.27

-0.04%

$63,053.27

-0.04%

(24s)

24h Volume

$2,468,496,026.78

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,094.00

▲ 0.01%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,322.29

Resistance 1$63,626.50

Price$63,094.00

Support 1$62,999.35

Support 2$61,363.17

Support 3$57,800.19

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.3

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…