This week’s stories centered on liquidity, regulation, and signs of a possible market turn. Scott Bessent moved to expand Treasury buybacks as long-term yields came under pressure, while bitcoin surged toward $70,000 in a $1.3 billion short squeeze. Trump’s Hyperliquid comments sent HYPE higher, the CFTC gave prediction-market leaders seats on its advisory panel, and Vaneck said bitcoin’s 11-month correction may be nearing an end as capitulation signals build.
Key Takeaways
Bitcoin hit nearly $73K after $1.3B in liquidations, strengthening the case that a cycle bottom is forming.Trump’s Aug. 2026 Hyperliquid comments lifted HYPE, easing a key U.S. regulatory overhang.VanEck saw 8 of 12 capitulation signals fire as 356,000 BTC moved, suggesting the 11-month correction may end.‘We’re Going to Increase the Buyback’: Treasury Boss Targets Bond Yields
Editor’s comment:
While the Treasury’s intervention is not exactly QE, the markets are interpreting it as such, and it has totally changed the setup for bitcoin and hard assets. Markets will need more time to absorb it, this may have been the bullish fundamental catalyst that many were waiting for.
Bitcoin Rips Toward $70K as $1.3B Short Squeeze Erupts
Editor’s comment:
Note that the following day, BTC actually made it to nearly $73k. On the 19th, bitcoin saw what is believed to be the highest amount of daily liquidations in history at $1.3 billion. These forced liquidation events are what you want to see at cycle bottoms.
Trump’s Hyperliquid Name-Drop Sends HYPE Charging Toward Record Highs
Editor’s comment:
HYPE was already one of the darlings of the crypto bull cycle, so any narrative boosts like this are just gravy on top. Regulatory uncertainty was essentially the last possible headwind that Hyperliquid had. With that potentially gone, the sky is the limit for HYPE.
CFTC Seats Kalshi, Polymarket, Draftkings on Its New Advisory Panel
Editor’s comment:
Kalshi’s Tarek Mansour and Polymarket’s Shayne Coplan hold two of the 35 seats on the new advisory board. Prediction markets are huge and getting huger, and strong regulation is needed to curb all the insider trading and manipulation.
Vaneck: Bitcoin’s Correction May Be Ending as 8 of 12 Signals Fire
Editor’s comment:
This report came out one day before bitcoin’s big impulse up, so this may tick off a few more boxes for VanEck. The firm also increased its allocation to BMNR by 49.3% in Q2 alone.
