Bitcoin Price Surges Following US Treasury Liquidity Support Expansion

Bitcoin experienced a significant price increase of over 24% in a week, resulting in $2.74 billion in crypto short liquidations, with over $1 billion in Bitcoin shorts liquidated within one hour. This market activity occurred after the US Treasury announced it would double liquidity support for long-term Treasury repurchase operations to at least $4 billion, effective September 9. This policy aims to lower long-term yields and enhance liquidity in risk assets, acting as a macroeconomic catalyst for digital asset markets.