DCB

Bitcoin's run to $79,500 ended in a six-minute flush that erased $108 billion in market value and liquidated $1.71 billion, mostly longs. Altcoins took the worst of it. Zcash cleared $800 on a Grayscale ETF filing, and The Sandbox halted bridging after a mint exploit.

Bitcoin closed its best week since March 2023 above $77,000 after the Treasury doubled its long-end bond buybacks, pushing yields down and the dollar lower. Another $1 billion in shorts was liquidated, ETF inflows accelerated for a second day, and Japan cleared a new exchange.

Bitcoin cleared $72,000 for the first time since May as record short liquidations, an expanded Treasury buyback program and the SEC's new crypto offering proposal collided. Spot ETF inflows returned at scale. Whether the breakout holds above $70,000 is the open question.