Bitcoin Surges Past $80k: Behind the $3 Billion Short Squeeze

Bitcoin aggressively smashed through the $70,000 resistance and skyrocketed above $80,000 in just three days, posting a gain of over 13%. Bears took a brutal hit as a massive wave of forced short liquidations crossed the $3 billion mark.

While many initially attributed the surge purely to retail euphoria, the primary catalyst came from the U.S. Department of the Treasury. The agency decided to double the scale of its long-term government bond buybacks using funds from the Treasury General Account (TGA). This move injected a fresh wave of liquidity into the financial system, with high-risk assets reacting instantly to the influx of cheap capital. This Treasury-backed momentum looks fully capable of sustaining the price rally through the end of the quarter as the market aggressively absorbs incoming capital.

Short sellers paid a heavy price for betting against the trend.

Analysts are now openly targeting the $90,000 to $100,000 range. A technical correction will likely trigger around those levels to cool off the overheated market, but the overarching macro vector remains firmly bullish.

Do you think the U.S. Treasury's TGA liquidity pump will push Bitcoin straight to $100,000 without a breather, or are we due for a sharp pullback toward $70,000 right now?