Woke up Friday and had to double check my portfolio was real. Bitcoin just had its best week since March 2023 up almost 24% from around $62,800 Monday to nearly $79,000 by Friday. Three years. That's how long it's been since a move like this happened.
The US Treasury said Wednesday it's doubling long-term bond buybacks starting in September. That knocked yields down from a multi-year high. People who'd bet against Bitcoin had to buy back in fast to cut their losses. Over $4.5 billion of those bets got wiped out in three days. That's the real fuel.
Bitcoin dominance jumped to almost 60% this week n Money goes to BTC first, always and Charts are stretched now. $80K is the next real test and I wouldn't be shocked by a pullback before it clears.
$BTC
The US Treasury said Wednesday it's doubling long-term bond buybacks starting in September. That knocked yields down from a multi-year high. People who'd bet against Bitcoin had to buy back in fast to cut their losses. Over $4.5 billion of those bets got wiped out in three days. That's the real fuel.
Bitcoin dominance jumped to almost 60% this week n Money goes to BTC first, always and Charts are stretched now. $80K is the next real test and I wouldn't be shocked by a pullback before it clears.
$BTC
