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via CoinDesk · By CoinDesk Staff
Bitcoin news: BTC could fall much lower as $150 billion Treasury operation nears
BTC
BTC/USDT
$63,085.15
+0.12%
$63,085.15
+0.12%
(24s)24h Volume
$2,093,668,120.83
24h H/L
$63,175.00 / $62,968.45
Change: $206.55 (0.33%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0033%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(04:55 AM UTC)
1 min read
Bitcoin could be heading much lower, fund manager warns as $150 billion Treasury operation nears
Fund manager Michael Kramer says a $150 billion liquidity drain from upcoming U.S. Treasury operations could push bitcoin sharply lower.
One fund manager has issued a stark warning: Bitcoin’s BTC$72,869.14 ongoing selloff may deepen as upcoming U.S. Treasury operations are expected to drain roughly…
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