US Treasury just doubled long-dated bond buybacks, and Bitcoin is targeting $65,000.

Forget Fed rate cuts. This is the Treasury actively shrinking long-term debt supply. It directly lowers yields, making fixed income less attractive. Capital flows away from bonds.

Our read: This institutional shift pushes flight-to-safety capital into scarce assets like BTC. Fear & Greed sits at 46. EMA20 and EMA50 confirm technically, but the narrative drives this.

Is $65,000 resistance, or does Treasury news print a new high? $BTC