Opinion: The US Treasury's massive bond issuance will drain $150 billion in liquidity, potentially causing Bitcoin to fall further.

CoinFeed reported on May 28th that, according to CoinDesk, Michael Kramer, founder of Mott Capital Management, warned that upcoming U.S. Treasury operations could withdraw approximately $150 billion in liquidity from the financial system, potentially causing a further decline in Bitcoin's price. Kramer stated that, based on his experience, Bitcoin is a better liquidity indicator than other instruments. The Treasury operations between May 28th and June 5th include: $15 billion in short-term Treasury bills on Thursday, $47 billion in interest-bearing bonds on Friday, $68 billion in bonds on Monday, $16 billion in short-term Treasury bills on Tuesday, and $5 billion to $15 billion in short-term Treasury bills on June 4th.