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Woofun AI reports that Bitcoin (BTC) breached the $80,000 threshold for the first time since May, a milestone underpinned by shifting macroeconomic signals from the U.S. Treasury and reflected in the broader CoinDesk 20 (CD20) index, which gained 2.7%.
The asset's seven-day advance has expanded to roughly 25%, following a 4% daily climb that accelerated after the U.S. Treasury announced it would at least double buybacks of long-dated bonds. This policy shift, combined with spot crypto buying and deepening liquidity, signaled "meaningful capital deployment" according to Glassnode, driving the market higher last week.
Woofun AI data shows that notably, Bitfinex analysts maintained a cautious stance despite the price action, highlighting that bitcoin network transactions remain near eight-year lows.
The deeper driver of the recent volatility appears to be leverage unwinding, as roughly $3 billion in crypto short positions were liquidated in two days.
Structurally, traditional commodities displayed divergent trends alongside the digital asset rally. Gold reached a three-month high of $4,650 an ounce, while Brent crude shed more than 2% as markets seemingly dismissed the U.S.' widening crackdown on Iran through its "economic D-Day."