Bitcoin’s recovery to $69,000 gains momentum. Geoff Kendrick, an analyst at Standard Chartered, links this progress to improved liquidity. His analysis is based on measures by the U.S. Treasury regarding long-term bonds. The $65,500 level becomes key. A break could signal that the low point has been reached and open up a new phase. This evolution takes place as the market monitors yields. A favorable backdrop supports his analysis and outlook