$TRUMP $ZEC $HEMI The Ministry of Finance’s repurchase operations are becoming an important catalyst for the rebound in risk assets this round. In just a few days, Bitcoin has surged by about 25%, briefly approaching the $80,000 mark. It’s important to emphasize that the Ministry of Finance’s repurchases are not the same as quantitative easing (QE); their core function is more geared toward improving liquidity in the Treasury market and easing pressure from term premium.
As long-term U.S. Treasury yields have fallen from their near-19-year highs, global risk appetite has shown signs of repair. Previously, market positioning had already turned clearly bearish. Together with a marginal improvement in liquidity expectations, the Bitcoin market triggered large-scale short covering, creating a rare positive feedback loop of “price rising—shorts closing out—further rising.”
The key to this rally is not only BTC’s increase, but that macro liquidity expectations are being repriced. However, it should be noted that policy actions are not an unlimited easing signal; going forward, we still need to watch how U.S. Treasury supply, inflation data, and the U.S. dollar’s trend affect risk assets.#TRUMP突破3.4美元创3月21日以来新高 #美国对加拿大商品加征关税生效 #Grayscale第五次修订ZECETF申请
Elon Musk’s Mars dog👇👇👇👇👇