Bitcoin’s latest run is absolutely wild! This week alone it surged more than 23%, posting the strongest weekly gain since March 2023. At one point during the day, it even shot up to $79,555—just one step away from the $80,000 milestone.
#比特币创2023年3月来最强周涨幅
This epic breakout wasn’t random; it was triggered by a “perfect storm” fueled by multiple positive factors:
1. Macro easing and a liquidity boost
The U.S. Treasury announced it would double the size of its long-term Treasury repurchase program, pushing down yields on long-dated U.S. Treasuries and weakening the dollar. As the opportunity cost of holding Bitcoin dropped sharply, money quickly flowed into risk assets.
2. Policy shift and expectations fully priced in
Trump held a public meeting at the White House with executives from the crypto industry and urged Congress to advance a crypto regulatory bill. A softening in regulatory stance directly ignited market optimism.
3. An epic squeeze that wiped out shorts
Before this move, Bitcoin had been ranging for 79 days, building up a massive short position. Once the price broke through a densely positioned liquidation zone, it triggered a stampede-style liquidation. In just a few days, more than $4.5 billion worth of shorts were forcibly liquidated, with 189,000 traders getting wiped out. Forced buying pushed the price skyward.
4. Institutions bring real capital
Spot Bitcoin ETFs saw net inflows of more than $1 billion in a single week. Large holders (whales) have also been aggressively adding. This signals that the rally has evolved from mere “short covering” into a substantive uptrend powered by institutional capital.
Even Ray Dalio, founder of Bridgewater, has publicly suggested investors allocate a “small amount” to Bitcoin, while Standard Chartered went as far as saying the year-end $100,000 target might be overly conservative.
$BTC
$ETH
$SOL
#比特币创2023年3月来最强周涨幅
This epic breakout wasn’t random; it was triggered by a “perfect storm” fueled by multiple positive factors:
1. Macro easing and a liquidity boost
The U.S. Treasury announced it would double the size of its long-term Treasury repurchase program, pushing down yields on long-dated U.S. Treasuries and weakening the dollar. As the opportunity cost of holding Bitcoin dropped sharply, money quickly flowed into risk assets.
2. Policy shift and expectations fully priced in
Trump held a public meeting at the White House with executives from the crypto industry and urged Congress to advance a crypto regulatory bill. A softening in regulatory stance directly ignited market optimism.
3. An epic squeeze that wiped out shorts
Before this move, Bitcoin had been ranging for 79 days, building up a massive short position. Once the price broke through a densely positioned liquidation zone, it triggered a stampede-style liquidation. In just a few days, more than $4.5 billion worth of shorts were forcibly liquidated, with 189,000 traders getting wiped out. Forced buying pushed the price skyward.
4. Institutions bring real capital
Spot Bitcoin ETFs saw net inflows of more than $1 billion in a single week. Large holders (whales) have also been aggressively adding. This signals that the rally has evolved from mere “short covering” into a substantive uptrend powered by institutional capital.
Even Ray Dalio, founder of Bridgewater, has publicly suggested investors allocate a “small amount” to Bitcoin, while Standard Chartered went as far as saying the year-end $100,000 target might be overly conservative.
$BTC
$ETH
$SOL