Bitcoin soars to $79,400, its strongest week since March 2023, fueled by a U.S. Treasury bond-buyback move that sparked crypto enthusiasm. Despite heavy liquidations—$3B wiped out Wednesday—short positions remain high, catching traders off guard. Bitcoin has broken above a key technical pattern, signaling possible further gains, while altcoins ride the wave. Derivatives show rebuilding trader exposure, and on-chain data confirms rising spot demand—a classic pre-rally sign. While overheating risks loom, bullish sentiment and strong fundamentals point to a likely rally continuation.
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