🚨 Bitcoin’s wildest week in years: $64k → nearly $80k
Bitcoin just ripped from the mid-$60ks earlier this week to a high near $80,000, its strongest multi-day move since 2023.
What’s actually driving it isn’t pure hopium. The U.S. Treasury said it would double the size of its long-dated bond buybacks. Yields dropped, liquidity conditions improved, and risk assets caught a bid. At the same time spot Bitcoin ETFs pulled in hundreds of millions again (over $600M on one day alone), and more than $4 billion in short positions got liquidated across two days.
Add Trump pushing the Clarity Act and meeting crypto execs, and you get the perfect short-squeeze + institutional-flow cocktail.
$ETH , $SOL and a bunch of alts are tagging along, but $BTC is clearly leading. Weekend liquidity is thinner, so we could see some give-back, but the combination of actual ETF demand and a macro liquidity shift is different from the usual leverage-driven pumps.
Still a long way from the old all-time highs, but this is the first time in months the market has felt like it has real momentum behind it.
Bitcoin just ripped from the mid-$60ks earlier this week to a high near $80,000, its strongest multi-day move since 2023.
What’s actually driving it isn’t pure hopium. The U.S. Treasury said it would double the size of its long-dated bond buybacks. Yields dropped, liquidity conditions improved, and risk assets caught a bid. At the same time spot Bitcoin ETFs pulled in hundreds of millions again (over $600M on one day alone), and more than $4 billion in short positions got liquidated across two days.
Add Trump pushing the Clarity Act and meeting crypto execs, and you get the perfect short-squeeze + institutional-flow cocktail.
$ETH , $SOL and a bunch of alts are tagging along, but $BTC is clearly leading. Weekend liquidity is thinner, so we could see some give-back, but the combination of actual ETF demand and a macro liquidity shift is different from the usual leverage-driven pumps.
Still a long way from the old all-time highs, but this is the first time in months the market has felt like it has real momentum behind it.