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Bitcoin news: BTC could fall much lower as $150 billion Treasury operation nears

BTC

BTC/USDT

$79,747.51

+0.17%

$79,747.51

+0.17%

(24s)

24h Volume

$6,096,805,031.72

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,898.13

▲ 0.30%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,881.43

Price$79,898.13

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.9

CoinDesk Staff

(04:55 AM UTC)

1 min read

Updated byJames Mitchell

0 comments

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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CoinDesk Staff · CoinDesk

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