Bitcoin Pushes Past $67K After US Treasury Doubles Bond Buyback Operations, VanEck Sees Late-Stage Drawdown - TradingView
Bitcoin Pushes Past $67K After US Treasury Doubles Bond Buyback Operations, VanEck Sees Late-Stage Drawdown - TradingView
Source: TradingView
―
DW NOTE
The Treasury doubled buyback operations while the yield curve sits at +0.52% and the 10-year has risen 3.74% in a month. That's not demand management — it's the government buying its own paper because no one else will at these yields. VanEck calling this a drawdown misses the point: bitcoin rallied 67% from June lows while gold fell 14.5% from January highs and the deficit runs at 6% of GDP with a $5 trillion debt ceiling increase already booked.