A change in U.S. Treasury buybacks was not quantitative easing, according to analysts cited by CoinDesk, but it still had a clear market effect. The move helped pull long-term Treasury yields away from 19-year highs, easing pressure across risk assets. In a market that was already leaning heavily bearish, that shift set off a record short squeeze. Bitcoin then climbed nearly 25% in a matter of days and approached $80,000. The report frames the rally less as a direct policy stimulus story and more as a positioning unwind tied to rates and sentiment. Analysts drew a line between the Treasury action and QE, while noting that the adjustment still changed conditions enough to force a sharp reversal in a market stacked on the short side.
A tweak to U.S. Treasury buybacks was not quantitative easing, analysts told CoinDesk, but it still helped change the tone across markets.
The move pulled long-term Treasury yields off 19-year highs. That mattered because positioning had already turned too bearish, and the shift set off a record short squeeze.
Against that backdrop, bitcoin surged nearly 25% in days and climbed to almost $80,000, according to the report.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
