Bitcoin rallied from $65K to $81K in a week, driven by US Treasury buyback announcements, declining yields, USD weakness, and $2B in spot ETF inflows.
Macro & Markets ·
Bitcoin climbed from below $65,000 to above $81,000 within a week, with multiple macroeconomic shifts fueling the advance. The U.S. Treasury's announcement to increase buyback activity on longer-duration securities improved conditions in the bond market, while concurrent declines in Treasury yields and dollar weakness redirected investor attention toward assets perceived as hedges against currency debasement, including Bitcoin and gold.
Inflows into spot Bitcoin exchange-traded funds totaled nearly $2 billion during the period, alongside substantial short liquidations that accelerated upward momentum. Together, these flows signaled a shift in risk appetite among market participants toward more volatile, alternative asset classes.
The rally remains subject to broader macroeconomic conditions, Treasury policy developments, and shifts in capital flows to spot ETF products. The sustainability of these price levels depends on whether the current combination of accommodative Treasury operations, low yields, and dollar weakness persists.