Fund Manager Warns BTC Could Fall Much Lower as $150B…

Michael Kramer, founder and CEO of Mott Capital Management, is sounding the alarm: a series of U.S. Treasury settlements between May 28 and June 5 could pull roughly $150 billion in liquidity from the banking system — and Bitcoin, which he calls a better liquidity indicator than most instruments, may be the first casualty.

The drain breaks down across five settlement windows: $15B in T-bills on Thursday, $47B in coupon settlements Friday, $68B on Monday, $16B Tuesday, and a final $5–15B T-bill settlement on June 4. When Treasury receives cash from bond buyers and parks it at the Fed, that money exits the financial system temporarily — reducing the risk appetite that fuels assets like Bitcoin.

The pressure is already showing. Bitcoin has shed roughly 11% from highs above $82,500 and was trading near $73,000 at the time of Kramer's note.