Woofun AI reports that Bitcoin (BTC) extended its rally to surpass $72,000, a level not seen since June 1, as Pedro Fontes of Mercado Bitcoin attributes the move to White House signals supporting U.S. Treasuries. Fontes argues that instability in the world's largest debt market reinforces the demand for scarce, predictable assets outside public debt expansion logic.

The Dollar Index dropped 0.88% to 98.77, marking its lowest point since May, which Matt Cole of Strive identifies on X as part of a "structural decline" likely to fuel bitcoin's bullish environment. This macroeconomic shift suggests that continued dollar weakness will underpin longer-term gains for the cryptocurrency, independent of immediate bond market fluctuations.

Woofun AI data shows that CoinGlass recorded over $3.3 billion in liquidations within 24 hours, with $3 billion comprising shorts, thereby reducing forced selling pressure. Despite this, the margin-borrow rate climbed from 3.9% to 4.6%, indicating traders are re-entering short positions ahead of Initial jobless claims data and geopolitical developments that could influence yields.

Bitcoin's weekly chart is now pressing against core resistance at $68,000, a barrier it recently failed to break after a 14% advance. A confirmed weekly candle close above this level would clear the path for a retest of the next resistance zone at $78,000, signaling potential further upside.