Before jumping into FOMO, I think it’s important to understand what is actually driving $BTC today.
The move didn’t really start in crypto — it started in the U.S. bond market.
The U.S. Treasury announced that starting September 9, it will increase long-term bond buybacks from around $2 billion to at least $4 billion per operation.
The market reacted quickly:
📉 Bond yields fell
💵 The dollar weakened
₿ Bitcoin
moved toward $70,000
Then came a massive short squeeze. As Bitcoin moved higher, short sellers were forced to buy back BTC to close their positions, which added even more fuel to the rally. 🚀
In simple terms:
Treasury supports the bond market ⬅️ Bond prices rise ⬅️ Yields fall ⬅️ Dollar weakens ⬅️ Financial conditions improve ⬅️ Risk assets benefit ⬅️ $BTC rises 📈
But there’s another important point.
The $4 billion-per-operation buybacks will run from September 9 through November 4, while the Treasury plans to buy back roughly $83 billion during the quarter.
Compared with the roughly $32.2 trillion size of the U.S. Treasury market, that’s still relatively small.
So I wouldn’t call this massive QE or a huge liquidity injection.
In my view, the bigger impact is improving liquidity in the bond market and putting downward pressure on yields — which can create a more favorable environment for risk assets like Bitcoin.
That’s why I’m watching this move closely. 👀₿
Still, I wouldn’t chase $BTC purely because of FOMO. Price action, liquidity and upcoming economic data will be important from here. 📊