PANews reported on May 28th that, according to CoinDesk, Michael Kramer, founder of Mott Capital Management, warned that upcoming US Treasury operations could withdraw approximately $150 billion in liquidity from the financial system, potentially causing further declines in Bitcoin. 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. Bitcoin has fallen approximately 11% since reaching a high above $82,500 earlier this month and is currently trading around $73,000, having broken below the key support level of $75,000. Kramer pointed out that Bitcoin does not trade in a vacuum, and macroeconomic forces such as government borrowing and cash flow can have a significant impact on its price.