Key Takeaways Bitcoin rose as high as $79,500 this week as the US Treasury doubled bond buybacks to $4 billion per operation. Automated liquidation engines force-closed 172,108 short positions earlier this week, the worst since 2021. Traders are now watching whether bitcoin can clear $80,000, a level not seen since May 2026. The Treasury Trigger Bitcoin had spent six weeks pinned between $60,000 and $65,000 before this week’s breakout. The move began after the US Department of the Treasury said it would at least double the size of its liquidity-support buyback operations for longer-dated coupon securities, raising the maximum from …