Treasury’s $14 Billion Buyback Triggered a $3.5 Billion Crypto Short Squeeze
Bitcoin jumped roughly 25% to a two-month high above $77,000 inside hours of the U.S. Treasury doubling its long-dated bonds buyback operations on August 19. Falling Treasury yields triggered a quick squeeze estimated $3.5 billion throughout crypto derivatives. The transfer raises a pointed query: did Bitcoin catch a real liquidity tailwind, or commerce a one-day…
