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Treasury Doubles Bond Buybacks to $4B, Lifts Bitcoin 23%

8/24/2026

30 2 Full Breakdown

Summary

Story summary

U.S. Treasury Department doubled long-dated bond buybacks to $4 billion, sparking a Bitcoin rally.
Bitcoin rose about 23% in a week, reaching roughly $77,000 on Friday.
The surge liquidated over $4 billion in short crypto positions, wiping roughly 172,000 accounts.
Short sellers lost about $3 billion within a single 24-hour window.
Spot Bitcoin ETFs drew $1.9 billion net inflows in five sessions, including $600 million in one day.

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Story summary

U.S. Treasury Department doubled long-dated bond buybacks to $4 billion, sparking a Bitcoin rally.
Bitcoin rose about 23% in a week, reaching roughly $77,000 on Friday.
The surge liquidated over $4 billion in short crypto positions, wiping roughly 172,000 accounts.
Short sellers lost about $3 billion within a single 24-hour window.
Spot Bitcoin ETFs drew $1.9 billion net inflows in five sessions, including $600 million in one day.