要聞列表比特幣還會殺更低!專家示警:美發債潮來襲、市場恐遭「抽水」1500 億美元
區塊客2026-05-28 07:46:05

比特幣還會殺更低!專家示警:美發債潮來襲、市場恐遭「抽水」1500 億美元

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Bitcoin's recent downward trend shows no signs of stopping, and the market is now facing a new bearish warning. Michael Kramer, founder and CEO of the investment advisory firm Mott Capital Management, warned that a series of large-scale bond issuance and settlement operations by the U.S. Treasury could drain approximately $150 billion in liquidity from the financial system, further pressuring risk assets like Bitcoin. In his latest market analysis report, Michael Kramer noted: "In my experience, Bitcoin tends to be a more precise 'liquidity indicator' than most financial instruments. If the settlement of U.S. Treasuries continues to drain market funds, then the price of Bitcoin will definitely be pushed even lower." Why does U.S. Treasury "bond issuance" impact Bitcoin? To cover massive government spending, the U.S. Treasury regularly issues bonds and Treasury bills of various maturities. When the Treasury sells these new bonds to the market, it collects cash from investors and transfers the funds into the Treasury's account at the Fed, known as the "Treasury General Account (TGA)." All else being equal, this process acts like draining funds from the banking system, significantly compressing the surplus capital available in the market for investing in other risk assets. Especially during peak issuance periods, these periodic settlements often trigger short-term yet highly destructive liquidity droughts. After performing calculations, Michael Kramer pointed out that within the short span from May 28 to June 5, a series of operations by the U.S. Treasury is estimated to drain approximately $150 billion in market liquidity. The specific schedule is as follows: - May 28: $15 billion in T-bills (short-term U.S. government bonds) settlement. - May 29: $47 billion in Coupon settlements. - June 1: Up to $68 billion in settlement. - June 2: $16 billion in T-bills settlement. - June 4: $5 billion to $15 billion in T-bills scheduled for settlement. Breaking through key support, the "behemoth" the crypto community cannot ignore Whether in traditional stock markets or cryptocurrencies, as long as market "liquidity is deep and funds are abundant," asset prices can generally rise. However, once funds are withdrawn from the market, even if only temporarily, investors become nervous and shift to a conservative, defensive stance, naturally cooling their appetite for high-risk assets like Bitcoin. The signs of this massive selling pressure are already emerging. Since hitting a high above $82,500 earlier this month, Bitcoin has cumulatively plunged by about 11% and is currently hovering around $73,000. Michael Kramer specifically pointed out that Bitcoin's recent break below the critical support level of $75,000 is a clear warning sign, indicating that overall financial liquidity is gradually tightening. Of course, this does not mean that Bitcoin will inevitably crash without a floor, but it highlights a blind spot that crypto investors often overlook: cryptocurrencies are by no means a safe haven independent of the outside world. Macroeconomic forces, such as government borrowing and market capital flows, often exert a decisive influence on cryptocurrency prices in invisible ways. For the average retail investor, the core concept of this lesson is simple: sometimes, the puppet master truly driving Bitcoin's surges and crashes is not necessarily positive or negative news within the crypto space, but rather the macroeconomic forces surging beneath the surface behind the scenes.
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ID:dfe404dfd5
來源:區塊客
發佈:2026-05-28 07:46:05
分類:zh_news · 導出分類 zh
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