Bitcoin Shatters $80,000 as $148B US Liquidity Drain Fails to Break Markets
- —Treasury General Account rose $148.003 billion to $991.708 billion through Sept. 16
- —Commercial bank reserves at the Fed fell $114.971 billion to $2.922 trillion
- —SOFR printed at 3.85% on Sept. 17 across nearly $3 trillion of transactions
- —Bitcoin rose from about $76,147 to above $80,000, trading near $82,000
Why it matters: Repo markets stayed inside the Fed's corridor, so the tax-date liquidity drain did not trigger a broader squeeze; attention now shifts to ETF demand and fresh buyers.
Source: CryptoSlate