In this video Benjamin talks about: Bitcoin Rallies to the Bear Market Resistance Band. Video by Benjamin Cowen.
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Bitcoin (BTC) is trading at approximately $69,455, staging an explosive 7.7% single-day surge that marks its largest rally since March 2026. This rapid upward breakout successfully shatters a boring six-week summer consolidation range between $62,000 and $64,000.
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-US Treasury Intervention: The US Treasury unexpectedly doubled its long-dated bond buyback operations from $2 billion to at least $4 billion per operation. This moved global bond yields downward and directly weakened the US Dollar Index, sparking an immediate rally in hard assets.
-Massive Short Squeeze: As the price began climbing, it triggered the largest forced-buying event in years. Over $1.4 billion in bearish short positions were liquidated within a brief 4-hour window, accelerating the vertical move toward $70,000.
-Regulatory Relief: Market sentiment is boosted by new US SEC regulatory proposals designed to grant clear capital-raising exemptions for mature, decentralized networks.
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