🇺🇸 Governments of different countries sold another $70B of U.S. Treasuries in June, dropping total overseas holdings to $9.3T after the third decline in four months.
Japan, China, and the UK all trimmed, with China’s pile now the smallest since the 2008 crash.
Official buyers like central banks are clearly cooling while private money still steps in.
America’s debt keeps expanding and the old reliable foreign government buyers are less eager to fund it, so private investors have been covering the gap for now, a setup that works until the day it doesn’t.
Bitcoin pumped +15% in the last 4 days, flipping short-term momentum ultra-bullish, but this does not fully cancel the risk of a Q4 correction and bottom.
1. Why this is the first real reversal sign
-BTC reclaimed its weekly MA 200 -Bullish RSI divergence & MACD crossover - Macro conditions are bullish with Core inflation at 5-year lows and ISM at a 4-year high. - Russell 2000 is hitting new highs ( historically leading indicator for crypto )
2. The warning
In July–August 2022, $BTC rallied +40% with identical metrics before violently dropping -22% in a single week of November and printing new lows.
3. Conclusion
Short-term momentum has clearly shifted bullish, but the larger trend structure has not fully flipped yet.
Holding above $67K keeps the recovery intact; losing it would mean the breakout was a fakeout.
BREAKING: 🇺🇸 Treasury Secretary Bessent says routine bond buybacks could exceed $4 billion.
This means US will pump over $4 billion into the financial system by purchasing its own bonds, a move that lowers borrowing costs and serves as a major green light for stocks and crypto.
🇺🇸 Bitcoin ripped past $72,000, its biggest single-day jump since March.
The spark was Trump hosting a room full of crypto executives at the White House, SEC and CFTC chairs included, with a push to finally get clearer rules through Congress.
Traders took one look at the guest list, decided Washington had gone soft on crypto, and piled in.
Anyone shorting got run over, more than $1 billion wiped out in about an hour.
The Treasury doubling its bond buybacks poured cheap money on the fire, and a lot of it found its way here.
A friendlier White House and easy money in the same week is the one combo the shorts really did not want to see.