Everyone saw Bitcoin ($BTC BTC) explode to $69,700.But the real move started in the U.S. Treasury market. 🇺🇸
The Treasury just doubled the maximum size of its long-term bond buybacks, from $2B to at least $4B per operation, targeting longer-dated Treasuries starting September 9.Then Treasury yields dropped. 📉
10-year yield: 4.647% (-6 bps)
30-year yield: 5.196% (-9 bps)And Bitcoin reacted.
$BTC moved from around $65,400 → $67,600, then reached $69,700 just one minute later. 🚀
That sudden move caught leveraged shorts off guard.
Around $1.59B in crypto positions were liquidated, including roughly $746M in Bitcoin shorts. 💥
The chain reaction was simple:
🇺🇸 Treasury buybacks
⬇️
📉 Yields fall
⬇️
$BTC
rises
⬇️
💥 Shorts get liquidated
⬇️
🚀 Forced buying pushes BTC even higher
And no — this wasn't Fed QE.The Fed didn't turn on the money printer.
The bond market moved first.
Bitcoin followed.
Then the short squeeze turned the move into an explosion. 🔥
👀 Now September 9 is the date to watch.
Do you think this could fuel another BTC move higher?
🐂 Bullish
🐻 Bearish
