Michael Kramer , founder and CEO of Mott Capital Management, warned that Treasury settlements between May 28 and June 5 could drain rouhgly $150 billion from the financial system, potentially sending Bitcoin past its recent $75,000 support level.

May 28–June 5 Treasury Bill Schedule and the $150 B Drain

According to Kramer, Treasury settlements during this week will total about $150 billion: $16 billion on May 28, $60 billion on May 29, $8 billion on May 30, $10 billion on May 31, and $56 billion on June 5. The Treasury receives cash from investors when it issues new securities, then transfers that cash to the Federal Reserve, effectively pulling liquidity out of the banking system.

Bitcoin’s Recent 11% Slide and the $75,000 Break

Bitcoin has fallen roughly 11% from its highs above $82,500 earlier this month, trading near $73,000 at the time of the report. kramer notes that the break of the key $75,000 support level is a clear signal of tightening liquidity conditions, echoing his view that Bitcoin is a leading liquidity indicator.

Liquidity as a Risk‑Asset Catalyst

In an interview, Kramer staed, "In my experience, Bitcoin tends to be a better liquidity indicator than most other instruments.. If the Treasury settlements are a drain on liquidity , then Bitcoin could fall significantly." He warns that when cash is withdrawn, investors often become more cautious, reducing appetite for risk assets like Bitcoin.

Uncertain Outcome:How Much Will Bitcoin Drop?

While the $150 billion outflow could trigger further downside , Kramer cautions that the relationship is not guaranteed. He stresses that traders should monitor liquidity events as potential catalysts for sharp moves, but the exact magnitude of Bitcoin’s decline remains uncertain until the Treasury operations complete and liquidity returns.