🟢 Bitcoin ETF (IBIT) is trading 5.4% up in pre-market after Treasury’s plan to double bond buybacks

IBIT is trading 5.4% up in the August 21 pre-market after Treasury’s plan to double long-term bond buybacks to at least $4 billion per operation eased yield concerns and improved liquidity expectations.

• The strength appears to extend the August 20 breakout above $72,000.
• President Trump’s CLARITY Act push strengthened crypto-regulation sentiment.
• More than $3 billion in crypto short liquidations amplified the rally, creating momentum into the pre-market session.