EVERYONE NOTICED $BTC AT $69,700… BUT THE REAL SIGNAL CAME FROM TREASURIES
The U.S. Treasury increased the maximum size of long-term bond buybacks from $2B to at least $4B per operation.
Then yields dropped:
10Y → 4.647% 30Y → 5.196%
jumped from $65,400 → $67,600 → $69,700 within minutes.
Leverage made the move even more aggressive, with around $1.59B in crypto liquidations.
Liquidity moves first. Bitcoin often follows.
$BTW
$HEMI
The U.S. Treasury increased the maximum size of long-term bond buybacks from $2B to at least $4B per operation.
Then yields dropped:
10Y → 4.647% 30Y → 5.196%
jumped from $65,400 → $67,600 → $69,700 within minutes.
Leverage made the move even more aggressive, with around $1.59B in crypto liquidations.
Liquidity moves first. Bitcoin often follows.
$BTW
$HEMI
