#BTCSurgesPast70000Up8.3% 🌈 #GateLiveStreamingInspiration - Aug.20 Go live with the following topics now to receive extra official support and promotional exposure! Today's Topic Recommendations: 🔹 Bitcoin rally accelerates! Regulatory tailwinds, Treasury liquidity, and short covering combine, is the bull market signal confirmed? 🔹 BTC targets $BTCShorts get liquidated heavily, how much upside is left for the next rally? 🔹 Crypto-related stocks explode higher! Strategy gains nearly 12% and Coinbase rises 9%, can the Bitcoin rebound continue? 🔹 ETH breaks key resistance! First move above the “golden line”, is Ethereum’s reversal rally beginning? 🔹 Hyperliquid revenue surges! $ETHmillion earned and $HYPEmillion burned in 24 hours, is HYPE being revalued? 🔹 HYPE surges 22%! Trump signals regulatory support, is Hyperliquid’s U.S. market expansion opportunity arriving? 🔹 Are memory chip price hikes just a cyclical trend? Cathie Wood warns about the AI supply chain, can chip stocks still rise? 🔹 The trillion-dollar AI infrastructure market begins! Data center financing heats up, which opportunities deserve attention? 🔹 Trump doubles down on AI development! Says AI could surpass the internet, can looser regulation accelerate the industry boom? 🔹 Fed transparency questioned! Waller’s call record controversy, will it impact future rate decisions? 🔹 Strait of Hormuz tensions escalate! Iran reveals new channel plans, how will energy markets react? 🔹 Trump fully embraces crypto! U.S. BTC reserves and lighter regulation, who will become the biggest winner? 🔥 Start streaming now: https://www.gate.com/live/apply $BTC $GT $ETH

$ETH Ethereum is fucking brutal Which short seller can withstand this? Holy shit 2100 last night, I thought it was high Turns out it's low now The blond guy is causing trouble too; the crypto president is too good to the longs $ETH ‌#BTC升破70000美元日内涨幅8.3%

The Treasury set fire to the $30 trillion U.S. Treasury market, liquidating $1.44 billion in crypto short positions BTC surged from $64,000 to $69,888, up 5% in 24 hours. Did you think it was an “oversold rebound”? Did you think it was “short covering”? Actually, neither. The real ignition point was hidden in the $30 trillion U.S. Treasury market. On the evening of August 19 Beijing time, the U.S. Treasury dropped a bombshell. It announced that it would at least double the size of long-term Treasury liquidity buybacks from $2 billion per operation to $4 billion. The program covers the 10–20-year and 20–30-year maturity ranges and takes effect on September 9. The 30-year Treasury yield plunged from that day’s 19-year high of 5.34% to 5.19%, marking its largest single-day drop since the end of June. The bond market exploded, the dollar collapsed, and risk assets went berserk. Gold rose nearly 3%, while U.S. stock futures surged across the board. What about Bitcoin? It shot straight from $64,000 to $69,888. Many people don’t understand: What does the Treasury buying back government bonds have to do with Bitcoin? Let me break it down for you. What was the market’s biggest source of pressure over the past two months? “Risk-free yields” were too high. The 30-year Treasury yield surged to 5.34% at one point—if you can earn more than 5% a year by simply holding U.S. Treasuries, who would still want to bet on Bitcoin? Bitcoin’s biggest enemy has never been regulation, miners, or anything within the crypto industry. It is Treasury yields. A 5% risk-free yield is a mountain pressing down on Bitcoin. Now, the Treasury has moved that mountain itself. Long-term yields fall → the dollar weakens → risk appetite recovers → capital shifts from “easy returns” to “speculation.” This transmission chain is more compelling than any crypto narrative. This rebound is also backed by “real money.” Just before the Treasury stepped in, spot Bitcoin ETFs had already recorded net inflows for two consecutive days: They saw inflows of $297.6 million on August 17 and $189.3 million on August 18. That totaled $487 million over two days. BlackRock’s IBIT alone took in $144 million. After such a long period of low-volatility sideways trading, shorts had already maxed out their leverage. And what happened? With the macro tailwind materializing and ETF flows confirming buying demand, shorts were attacked from both sides— $1.44 billion in short positions were deliberately blown up in a single day. Short liquidations were 8.6 times those of longs. This wasn’t a liquidation cascade; it was a massacre. VanEck previously said that 8 of Bitcoin’s 12 capitulation indicators had been triggered, suggesting the correction may be nearing its end. Standard Chartered directly called for a year-end target price of $100k. But let me say this— None of these predictions matter. What matters is that Bitcoin’s macro logic is back. Over the past two months, everyone has been asking the same question: “Does Bitcoin still have a macro connection? Has it already decoupled?” The U.S. Treasury answered with a $4 billion buyback: It does. And that logic isn’t in crypto—it’s in the $30 trillion U.S. Treasury market. A $4 billion buyback is a drop in the bucket in the $30 trillion Treasury market. But markets have never focused on the “amount”; they focus on the “signal.” The Treasury chose to announce the doubling of buybacks the day after the 30-year yield hit a 19-year high— That was drawing a line: 5.3%—this is where it stops. Once that line is drawn, the entire pricing logic for risk assets will have to be reassessed. The liquidation of $1.44 billion in shorts was the result, not the cause. Do you think this rebound can hold above $69,000, or will it be another “false breakout”?#BTC升破70000美元日内涨幅8.3% #Strategy涨近12% #SK海力士史上最大回购 $BTC $ETH $SOL $SNDK $MU