A US Treasury debt buyback decision lowered long-term yields, sparking a cross-asset rally across gold, equities, and Bitcoin. Coupled with a historic $1.1 billion short squeeze, the surge reflects macro liquidity moves rather than crypto-native triggers, making ETF inflows crucial for long-term sustainability.

Bitcoin surges 6% above $68,000, triggering a record $1.2B short liquidation as Treasury liquidity fuels the breakout.

Bitcoin rises after the US Treasury doubles bond buybacks. Lower yields, a weaker dollar and liquidity hopes boost BTC, crypto and gold amid inflation fears.