Bessent's Doubled Buyback Spurs Bitcoin Rally Toward $80,000

US Treasury Secretary Bessent announced a doubling of long-term government bond buybacks, triggering a Bitcoin rebound toward the $80,000 psychological level. The policy shift reduced 30-year Treasury yields from 5.34% to 5.19%, pushing capital toward riskier assets. Derivatives markets amplified the move, with $4 billion in bearish crypto positions liquidated over two days, creating a short squeeze. US spot Bitcoin ETFs recorded $1.6 billion in weekly net inflows, the best since October 2025, with BlackRock's IBIT alone absorbing $503 million on Thursday. Strategy holds 840,447 Bitcoin at an average cost of $75,385, now showing over $2 billion in unrealized gains. Analysts expect the company to resume buying, potentially adding support for breaking the $80,000 barrier.