{"id":12092,"date":"2026-08-19T16:00:13","date_gmt":"2026-08-19T16:00:13","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12092"},"modified":"2026-08-19T16:00:13","modified_gmt":"2026-08-19T16:00:13","slug":"bitcoin-rockets-toward-67000-as-us-treasury-move-wipes-out-400-million-in-crypto-shorts","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12092","title":{"rendered":"Bitcoin rockets toward $67,000 as US Treasury move wipes out $400 million in crypto shorts"},"content":{"rendered":"<p><\/p>\n<div data-single-article-content=\"\">\n<p>Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt.<\/p>\n<p>On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations for 10- to 20-year and 20- to 30-year securities from $2 billion to at least $4 billion per operation. The change starts Sept. 9 and runs through Nov. 4.<\/p>\n<p>The announcement brought immediate relief to a bond market battered by rising borrowing costs. The 30-year Treasury yield fell to about 5.19% from Tuesday\u2019s 5.34% peak, its highest since 2007, while the 10-year yield dropped to 4.647%. The gap between 2- and 30-year yields also narrowed sharply.<\/p>\n<p>Data from <em>CryptoSlate<\/em> shows Bitcoin climbed from an intraday low near $64,100 to over $69,000, before retracing to around $68,000, as yields retreated and risk assets rallied. Ethereum rose as high as $2,100, breaking above $2,000 for the first time since June.<\/p>\n<p>The sharp rebound punished traders positioned for further declines.<\/p>\n<p>CoinGlass data showed more than $1.2 billion in crypto positions were liquidated within one hour, with Bitcoin and Ethereum accounting for most of the losses. Short traders betting against the rally lost about $1.29 billion during the period.<\/p>\n<figure id=\"attachment_556481\" aria-describedby=\"caption-attachment-556481\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-556481\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1024x362.png\" alt=\"Crypto Market Liquidation\" width=\"1024\" height=\"362\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1024x362.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-300x106.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-768x271.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1536x543.png 1536w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4.png 1870w\" sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><img decoding=\"async\" class=\"lazyload size-large wp-image-556481\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1024x362.png\" alt=\"Crypto Market Liquidation\" width=\"1024\" height=\"362\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1024x362.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-300x106.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-768x271.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4-1536x543.png 1536w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/image-4.png 1870w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><figcaption id=\"caption-attachment-556481\" class=\"wp-caption-text\">Crypto Market Liquidation in The Last 24 Hours (Source: CoinGlass)<\/figcaption><\/figure>\n<p>Over the past 24 hours, over 110,000 traders were liquidated for over $1.45 billion. The largest single liquidation was a $32 million ETH-USD position on Bitget.<\/p>\n<h2>Falling yields give Bitcoin breathing room<\/h2>\n<p>Treasury said the larger operations are intended to provide greater liquidity support to longer-dated securities, where market participants have consistently offered significantly more debt than the department has been willing to repurchase.<\/p>\n<p>\u201cThis increase in buyback operation sizes reflects Treasury\u2019s desire to provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants,\u201d the department said.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p>The move follows a sharp repricing at the long end of the Treasury curve as investors demand greater compensation for inflation, heavy government borrowing and the risks associated with holding debt for decades. Increased corporate issuance, including borrowing tied to artificial-intelligence investment, has added to the supply competing for investor capital.<\/p>\n<p>Those pressures have spilled directly into Bitcoin and other risk assets.<\/p>\n<p>Rising long-term yields, particularly real yields, raise the cost of capital and increase the returns available from risk-free government debt. That can weigh heavily on long-duration assets such as technology stocks and can also pressure Bitcoin by making Treasuries more competitive for investor capital.<\/p>\n<p>Wednesday&#8217;s reversal therefore removed one source of pressure as Bitcoin recovered above $66,000.<\/p>\n<p>Andre Dragosch, Bitwise Europe&#8217;s head of research, said the Treasury action showed the \u201csystem is showing first signs of cracking,\u201d as policymakers respond to pressure in long-duration government debt.<\/p>\n<p>He added:<\/p>\n<blockquote>\n<p>\u201cBitcoin is the canary in the macro coal mine that anticipates changes in financial conditions both to the downside AND upside. Rising yields are already forcing the hand of the Treasury to intervene and BTC is sniffing it out.\u201d<\/p>\n<\/blockquote>\n<p>Meanwhile, the operations do not amount to quantitative easing. Federal Reserve asset purchases create reserves and expand the central bank\u2019s balance sheet, while Treasury buybacks are designed primarily to improve liquidity in existing securities and do not reduce the government\u2019s overall debt burden.<\/p>\n<p>Still, the market reaction showed how sensitive Bitcoin and other assets have become to changes in long-term borrowing costs.<\/p>\n<p>Matt Cole, chairman of Bitcoin treasury company Strive, said those pressures could ultimately strengthen a much longer-term Bitcoin thesis if rising debt increasingly pushes policymakers toward lower real rates, greater liquidity and currency depreciation.<\/p>\n<p>Cole said federal debt and persistent deficits leave policymakers with difficult choices: tolerate higher real rates and tighter financial conditions, or manage the strain through policies that support liquidity and nominal growth.<\/p>\n<p>He said:<\/p>\n<blockquote>\n<p>\u201cThere is no painless path. The question is simply where the adjustment gets absorbed.\u201d<\/p>\n<\/blockquote>\n<p>Cole has argued for more than a decade that the dollar is in structural decline and said Wednesday\u2019s Treasury move reinforced that view as policymakers respond to pressure in long-duration debt.<\/p>\n<p>He said Bitcoin\u2019s previous major rallies have coincided with periods of dollar weakness, but the asset has never existed through the kind of prolonged dollar decline he believes could unfold over the coming years.<\/p>\n<p>If that thesis holds, Cole said the next five to seven years could provide Bitcoin with a stronger macro tailwind than any of its previous cycles.<\/p>\n<\/div>\n<p>Analysis,Featured,Macro,Market,TradFi,Trading#Bitcoin #rockets #Treasury #move #wipes #million #crypto #shorts1787155213<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations for 10- to 20-year and 20- to 30-year securities from $2 billion to at least $4 billion<\/p>\n","protected":false},"author":1,"featured_media":12093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,62,406,302,3514,2508,585,2258],"class_list":["post-12092","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-crypto","tag-million","tag-move","tag-rockets","tag-shorts","tag-treasury","tag-wipes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin rockets toward $67,000 as US Treasury move wipes out $400 million in crypto shorts - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin neared $67,000 and Ethereum broke $2,000 after expanded Treasury buybacks eased pressure in the battered long-duration bond market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12092\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin rockets toward $67,000 as US Treasury move wipes out $400 million in crypto shorts\" \/>\n<meta property=\"og:description\" content=\"Bitcoin neared $67,000 and Ethereum broke $2,000 after expanded Treasury buybacks eased pressure in the battered long-duration bond market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12092\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-19T16:00:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-bull-treasury.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12092\",\"name\":\"Bitcoin rockets toward $67,000 as US Treasury move wipes out $400 million in crypto shorts - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-bull-treasury.jpg\",\"datePublished\":\"2026-08-19T16:00:13+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin neared $67,000 and Ethereum broke $2,000 after expanded Treasury buybacks eased pressure in the battered long-duration bond market.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12092\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-bull-treasury.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-bull-treasury.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12092#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin rockets toward $67,000 as US Treasury move wipes out $400 million in crypto shorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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