Bitcoin is trading near $78,000 following a massive 24% weekly price jump, marking its best performance in three years.Key Market DriversShort Squeeze: Over $3 billion in bearish bets—where traders bet the price would fall—were wiped out as prices climbed.Treasury Action: The U.S. government expanded its bond buyback program, which increased overall market money flow.Strong Demand: Spot Bitcoin exchange-traded funds (investment funds that track the coin's price on stock markets) pulled in fresh institutional cash. $BTC
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