Bitcoin surged 23% on strong ETF inflows after Treasury's buyback plans. Trader believes BTC may have already bottomed.
Bitcoin surged 23% in a week on $606.3M spot ETF inflows after Treasury doubled bond buyback plans. The rally reflects institutional yield diversification amid rate pressure; IT leaders holding crypto face a liquidity window before resistance near $83k.
Bitcoin is up 23% over the past week, fueled by strong ETF inflows after the Treasury announced plans to at least double its long-dated bond buybacks.
Notable Statistics:
Coinglass data shows 170,793 traders were liquidated in the past 24 hours for $1.37 billion.
SoSoValue data shows net inflows of $606.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $220.8 million.
In the past 24 hours, top gainers include Ethena, Bitcoin Cash and Pepe.
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