Bitcoin staged its strongest rally in months on August 19, surging past $69,000 and triggering over $1.1 billion in short liquidations within a single hour. The sudden breakout was fueled by coordinated spot buying across major exchanges like Coinbase and Binance, alongside macro tailwinds after the U.S. Treasury doubled long-term bond buybacks to $4 billion to boost liquidity. Ethereum joined the momentum, breaking above $2,000 with a 10% gain. With institutional leaders like BlackRock viewing prior pullbacks as routine market positioning rather than structural shifts, renewed global risk appetite is driving rapid momentum across crypto markets.

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