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

BTC

BTC/USDT

$79,732.00

+1.29%

$79,732.00

+1.29%

(24s)

24h Volume

$7,955,808,146.97

24h H/L

$79,877.07 / $78,660.00

Change: $1,217.07 (1.55%)

Long/Short

52.7%

Long: 52.7%Short: 47.3%

Funding Rate

-0.0005%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,745.42

▲ 0.11%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,300.00

Resistance 1$79,916.17

Price$79,745.42

Support 1$79,635.96

Support 2$76,174.33

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.6

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…