Bitcoin surged past $68,000 after the US Treasury doubled bond buyback operations, triggering $1.4B in short liquidations and the largest squeeze

A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.

BTC was little changed Monday after last week's 24% surge triggered by a Treasury buyback announcement that squeezed over $3 billion in shorts.