Treasury Steps In, Bitcoin Wakes Up, and More – Week In Review

Key Takeaways

• Bitcoin hit nearly $73K after $1.3B in liquidations, strengthening the case that a cycle bottom is forming.
• Trump’s Aug. 2026 Hyperliquid comments lifted HYPE, easing a key U.S. regulatory overhang.
• VanEck saw 8 of 12 capitulation signals fire as 356,000 BTC moved, suggesting the 11-month correction may end.

Week in review

‘We’re Going to Increase the Buyback’: Treasury Boss Targets Bond Yields

Treasury Secretary Scott Bessent told CNBC Thursday that U.S. debt buybacks could blow past $4 billion per operation as Washington moves to steady…

Editor’s comment:

While the Treasury’s intervention is not exactly QE, the markets are interpreting it as such, and it has totally changed the setup for bitcoin and hard assets. Markets will need more time to absorb it, this may have been the bullish fundamental catalyst that many were waiting for.

Bitcoin Rips Toward $70K as $1.3B Short Squeeze Erupts

Bitcoin raced to $69,749 on Aug. 19 as falling Treasury yields and a cascade of forced short liquidations turned weeks of quiet trading into a sudden run toward $70,000.

Editor’s comment:

Note that the following day, BTC actually made it to nearly $73k. On the 19th, bitcoin saw what is believed to be the highest amount of daily liquidations in history at $1.3 billion. These forced liquidation events are what you want to see at cycle bottoms.