Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.
A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.
Source: https://fortune.com/2026/08/23/bitcoin-squeeze-treasury-buyback-shorts-blown-up/