Bitcoin price continues to soar as short squeeze, ETF flows intensify after Treasury bond buyback news. Crypto stocks spike.

Bitcoin rose above $68,000 and ether gained 9% after the U.S. Treasury doubled long-end bond buybacks, forcing $1.91 billion of liquidations, 91% of them shorts.

The move triggered nearly $2 billion in crypto liquidations and lifted crypto-linked stocks, with Strategy and Bitmine gaining around 10%.

Bitcoin investors have been buying up shares in the ETFs this week.