Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
- The Treasury: 4 events in the last 90 days
- Previous: earlier the same day · The Treasury’s bond-market intervention isn’t working. So what comes next?
What happened
A surprise bond buyback triggered a squeeze that liquidated over $4 billion in bearish crypto bets and sent bitcoin past $77,000.
Summary assembled by rule from the sources below
Timeline
- First appeared on FortuneFortune