Fund manager Michael Kramer warns that upcoming U.S. Treasury operations from May 28 to June 5 could drain about $150 billion in liquidity from the financial system. This liquidity drain may deepen Bitcoin's ongoing selloff, which has already seen an 11% drop from recent highs above $82,500 to near $73,000. Bitcoin is seen as a leading liquidity indicator, and the breakdown of key support near $75,000 signals tightening liquidity conditions. Investors should note that macroeconomic factors like government bond sales can significantly influence Bitcoin prices beyond crypto-specific news.
Bitcoin's price fell below $73,000 following US airstrikes on Iran, causing nearly $1 billion in cryptocurrency liquidations. This geopolitical event has increased market volatility and lowered short-term confidence in Bitcoin staying above $70,000 b...
BlackRock's ETF sold $527.8 million worth of Bitcoin, signaling a negative market reaction and reducing confidence in Bitcoin prices exceeding $74,000 by May 28. This large sale by a major institutional player suggests a potential downward pressure o...
Pepe Coin (PEPE) maintained its support level near $0.00000359 despite Bitcoin falling below $75,000, outperforming many meme coins during a broader market decline. The crypto market faced pressure from weak investor sentiment, ETF outflows, and geop...
NEAR's price surged strongly due to its focus on AI infrastructure, breaking key resistance and moving above major averages, signaling bullish momentum. In contrast, Bitcoin faces resistance near $81-82k with weak momentum and may retest support arou...
Bitcoin has been trading in a downward channel, recently hitting a low of $74k and currently trading around $75,882. Despite strong bearish pressure pushing BTC below key moving averages, a whale purchased 873.29 BTC worth $66.24 million, signaling c...
