🚨 Why BTC is ripping higher

Treasury Sec. Bessent says long-dated Treasury buybacks could exceed $4B per operation.

Thin summer liquidity + elevated yields = Treasury stepping in harder.

If the long end comes down, Treasuries become less competitive with risk assets and financial conditions can loosen.

Markets are reading this as a potential shift toward more support.

BTC loves that setup.

#Bitcoin #BTC