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

BTC

BTC/USDT

$64,524.60

+0.78%

$64,524.60

+0.78%

(24s)

24h Volume

$4,254,519,445.52

24h H/L

$64,599.95 / $64,025.82

Change: $574.13 (0.90%)

Long/Short

65.1%

Long: 65.1%Short: 34.9%

Funding Rate

+0.0035%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,524.98

▲ 0.23%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,630.19

Price$64,524.98

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,824.97

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):51.3

CoinDesk Staff

(04:55 AM UTC)

1 min read

Updated byJames Mitchell

652 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CoinDesk Staff · CoinDesk

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