The U.S. Treasury's expansion of long-term bond repurchases pushed yields and the dollar lower, feeding a debasement trade that drove Bitcoin above the $62K–$67K range it had held for weeks. CoinGlass data showed more than $4 billion in crypto short positions liquidated by Friday.
Matters because: The move looks macro-liquidity driven, so further Treasury or dollar weakness could keep supporting BTC and broader risk assets.