Bitcoin Posts Biggest Weekly Gain Since March 2024 as Treasury Liquidity Shift Sparks Rally

BitcoinWorld Bitcoin Posts Biggest Weekly Gain Since March 2024 as Treasury Liquidity Shift Sparks Rally Bitcoin rose more than 20% last week, marking its largest weekly gain since March 2024, according to crypto trading firm QCP Capital.

The rally came as shifting liquidity conditions in the U.S. Treasury market prompted a broad market reassessment, with investors rotating into risk assets like Bitcoin and gold. What Drove the Rally?

QCP Capital noted that the early phase of the rally was fueled by large-scale short covering, as traders who had bet against Bitcoin were forced to close positions. Later, buying momentum shifted to spot demand, with U.S.

spot Bitcoin ETFs recording approximately $2.6 billion in net inflows—the largest weekly inflow since October last year. The catalyst for the shift was the U.S. Treasury’s announcement that it would double the size of its long-term Treasury buybacks.