PANews Aug 21 message, citing CoinDesk: Long-term bond market investors and macro strategist Mark Connors said the U.S. Treasury plans to conduct regular repurchases of long-term Treasuries, which could become an important catalyst for the next round of Bitcoin gains and create conditions for BTC to move toward its $180,000 target.

U.S. Treasury Secretary Scott Bessent said Thursday that the government expects to carry out routine long-term Treasury repurchase operations and may expand the scale beyond the previously announced $4.0 billion plan. Bessent said the government hopes to use these tools to stabilize the bond market and ensure that yield levels reflect economic fundamentals. After the news was released, the price of Bitcoin rose further, once approaching $73,000.

Connors believes that the Ministry of Finance’s intervention in the bond market is an important signal, indicating that the government is addressing the pressure caused by rising long-term borrowing costs. He said that higher U.S. Treasury yields would draw capital flow into the government bond market, thereby weakening inflows into risk assets, including cryptocurrencies. If repo operations support bond prices and push down yields, it could ease the macro pressure facing Bitcoin.