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Bitcoin Surges Toward $78K as Massive Short Squeeze and Macro Tailwinds Ignite Rally

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The Story

News Summary

  • Bitcoin surged 22% toward $77,800 fueled by Treasury bond buybacks, massive ETF inflows, and over $2.75 billion in liquidated short positions.
  • Declining bond yields and dovish shifting Fed expectations ahead of the Jackson Hole symposium provide powerful macro tailwinds for ongoing crypto momentum.
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BTCUSD price history

77635.33 +17.84% over the displayed period

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