Woofun AI reports that Bitcoin (BTC) extended its rally to five straight days, marking the strongest weekly advance since March 2023, as U.S. Treasury bond buybacks provided fresh momentum. The catalyst emerged from Wednesday's announcement, which accelerated gains that had already begun earlier in the week.

Price action peaked at $79,400 on Friday, reflecting an 8.8% increase since midnight UTC, before settling just below $78,000. This trajectory represents a nearly 24% climb since Monday morning.

Woofun AI data shows derivatives liquidations totaled $3.3 billion on Wednesday, with an additional $1.25 billion wiped out over the past 24 hours.

Structurally, the Altcoin Season index dropped from 36 to 33, indicating Bitcoin dominance rose to 59.9% rather than signaling broad altcoin weakness.

Notably, select altcoins outpaced the market leader: ENA rose 13% and ZEC gained 12.5% since midnight, while NEAR and LINK added approximately 8%. Technically, Bitcoin has breached the $76,000 level implied by the inverse head-and-shoulders pattern forming since the June lows. Traders who entered on that breakout have reached their targets, raising the risk of a short-term pullback as the relative strength index (RSI) enters overbought territory.

Macro indicators show the Dollar Index at 98.77, slightly down from August highs, while Nasdaq 100 futures rose 0.43% after lagging the wider crypto market. This divergence suggests traditional equity markets are not yet driving the current crypto rally. The setup highlights a period of high volatility where technical resistance may soon test buyer conviction.