Bitcoin Price Prediction: US Government Locks Its BTC for 20 Years as ETFs Bleed Six Days
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In crypto markets the US ARMA bill would lock a Strategic Bitcoin Reserve for 20 years with quarterly audits and drops a prior 1M BTC purchase target, while BTC trades at $75,860 on May 23 after breaking its April ascending channel. BTC ETFs recorded $105.19M of outflows on May 22, the sixth straight negative day that pushed total ETF net assets below $100B, and derivatives liquidations hit longs for $352.93M versus $24.35M for shorts, leaving $73,500 as the next key support.
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- The ARMA bill creates a 20-year Strategic Bitcoin Reserve lockup with quarterly audits, dropping the 1M BTC purchase target from prior proposals.
- BTC ETFs recorded $105.19M in outflows on May 22, the sixth straight negative day, pushing total net assets below $100B for the first time since April.
- Longs absorbed $352.93M in 24h liquidations against $24.35M for shorts as price broke below $76,00.
Bitcoin trades at $75,860 on May 23, sliding below $76,000 as the US House introduces a bill locking government BTC for twenty years, ETFs post their sixth straight outflow day, and longs absorb over $350M in liquidations in a single 24-hour window.
Bitcoin Daily Chart: Channel Broken, $73,500 Is the Last Floor
BTC broke the ascending channel from the April lows and has rolled over sharply since. Price sits at $75,86…
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$ 64.10K
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In This News
Coins
$ 64.10K
+0.17%$ 0.00187
+3.56%Predictions Markets
See what traders are focused on
Share:
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