💥$BTC is approaching $80,000. $80,000 isn’t just a price target; it’s a test of buyer quality. #Bitcoin is trading at 79K after gaining 22.3% in seven days. The rally had three engines: 🌊 Macro: On August 19, the U.S. Treasury announced it would double liquidity-support buybacks along the long end of the curve, from $2,000 to $4,000 million per operation. 🔥 Leverage: Over $1,000 million in short positions on Bitcoin were reportedly liquidated within an hour, turning the breakout into a *short squeeze*. 🏦 Spot demand: U.S. spot Bitcoin ETFs recorded five straight sessions of capital inflows, totaling $1.92 billion. This is the most important signal: institutional demand continued after the first wave of forced buying. Risk is rising too. The CMC Fear and Greed Index sits at 79/100, while BTC dominance remains near 59.4%. Greed is back, but market leadership is still concentrated in Bitcoin. Above 80K with continuous ETF inflows → a credible breakout. Holding 75K → buyers are defending the level. Below 72K → it’s likely the *short squeeze* had more impact than the bulls are admitting. The short positions started the acceleration. Now, spot buyers need to keep it going.