Bitcoin Just Did What No One Expected And $2.74B i
# Trending Token Price Prediction Challenge #HTX 13th-Anniversary Carnival #HTX Creation Challenge — Post and Win 1,500U Bitcoin Just Did What No One Expected And $2.74B in Shorts Got CrushedBitcoin price briefly hit $70,000 on Wednesday as larger US Treasury bond buybacks eased pressure in the government debt market. The rally also triggered heavy short liquidations and lifted crypto prices, with Ethereum and several major altcoins posting sharp gains.
BTC rose more than 8% from the previous day and reached its strongest level since mid-June. The breakout followed about 81 days of range-bound trading, which had allowed leveraged positions to build across the derivatives market.According to CoinGlass, around $2.74 billion in short positions were liquidated within 24 hours. Total crypto liquidations reached about $2.98 billion during the same period. Metaversegaming news
US Treasury Bond Buybacks Ease Long-Term Yield Pressure
The broader market shift began after the US Treasury Department announced larger liquidity-support purchases of longer-dated government securities. The maximum size of each operation will rise from $2 billion to at least $4 billion.
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