Woofun AI reports that Bitcoin, Ether, and Solana experienced significant upward momentum, driven by a convergence of macroeconomic policy shifts and regulatory advocacy from President Donald Trump, who championed the Digital Asset Market Clarity Act alongside executives from Coinbase, Gemini, Ripple, and Chainlink Labs.

The price action was characterized by a sharp reversal from recent lows, with Bitcoin climbing almost 8% in a single day to touch just above $75,500 overnight before settling near $75,000, representing an almost 18% gain over the week after trading near $64,100 two days prior. This volatility triggered a massive wave of forced closures, with CoinGlass data indicating that $1 billion in short positions were liquidated within 24 hours out of a total $1.23 billion, affecting 140,416 traders.

This event followed a historic Thursday where $3 billion in shorts were wiped out, the largest single-day figure since records began in 2021, bringing the two-day total to more than $4 billion. The largest individual position closed in this latest session was a $25.13 million Bitcoin trade on Hyperliquid, illustrating how mechanical liquidations—where exchanges automatically close leveraged bets against falling prices—can create cascading buy orders that drive prices up independent of fundamental demand.

Woofun AI data shows that Altcoin performance metrics reflected similar bullish sentiment, with Hyperliquid's HYPE rising over 4% to nearly $73, leading the majors on the week with an almost 27% gain. Ether added almost 5% to reach $2,350, posting a 24.5% increase over seven days, while Dogecoin gained almost 9% to just over 8 cents and Solana rose over 5% to just under $90, both recording 17% weekly gains. BNB also climbed 6% to $660, up 8% over the week, whereas Tron lagged significantly, rising only 1.5% to just under 34 cents and showing minimal weekly movement.

Structurally, the rally traces back to Wednesday, when the Treasury doubled the size of its long-end bond buybacks from $2 billion to $4 billion per operation, easing conditions across the roughly $30 trillion Treasury market and boosting risk appetite. This macro catalyst helped Bitcoin clear resistance near $66,600, putting $76,000 on traders' radar as the next key level, while Washington's political support further fueled optimism through the White House event featuring industry leaders.

Bitcoin's market value now stands at $1.5 trillion, though it remains roughly 40% below the record above $126,000 set last October, highlighting the substantial gap between current valuations and historical peaks despite the recent surge.