Published Aug 21, 2026, 6:42 AM ET · Updated 3 months ago · 2 sources

THE BLOCK: Bitcoin's surge toward $80,000 points to a liquidity-driven momentum shift as spot ETF flows rebound, according to Bernstein. The analysts said the U.S. Treasury's move to increase longer-dated debt buybacks helped trigger the bitcoin:native rally.

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Original Report

THE BLOCK: Bitcoin's surge toward $80,000 points to a liquidity-driven momentum shift as spot ETF flows rebound, according to Bernstein. The analysts said the U.S. Treasury's move to increase longer-dated debt buybacks helped trigger the bitcoin:native rally.