U.S. Treasury Secretary Scott Bessent is set to announce a larger-scale Treasury buyback program. Wall Street expects this operation to amount to approximately $5 billion to $6 billion, with a possible focus on long-term Treasuries to ease yield pressure ahead of the 10-year and 30-year Treasury auctions.
Bitcoin is temporarily consolidating.
Under this macroeconomic backdrop, Bitcoin remains below $79,000, with short-term price action showing consolidation. The report notes that the daily RSI has retreated from overbought territory, indicating a cooling of momentum following the prior rally.
However, from a longer-term perspective, the weekly momentum remains relatively strong, supported primarily by continued inflows into Bitcoin spot ETFs and ongoing purchases by crypto treasury companies.
Institutional buying continues.
Latest updates show that Strive, which focuses on a Bitcoin treasury strategy, has purchased another 1,375 BTC. Meanwhile, Bitmine, associated with Tom Lee, continues to increase its Ethereum holdings.
According to reports, Bitmine currently holds 20,086 ETH, nearing 5% of Ethereum's total supply. This ongoing corporate-level accumulation remains one of the key sources of market demand.
U.S. Treasury repurchase agreements attract market attention
The market is paying attention to this U.S. Treasury repurchase because changes in long-term yields often influence the pricing of risk assets. If the repurchase size exceeds expectations, pressure on long-term rates may ease, improving market willingness to absorb high-volatility assets.
However, based on current performance, Bitcoin has not yet achieved a clear breakout and remains in a high-level consolidation phase in the short term. Whether capital flows continue will further influence future price movements.