# A Treasury Buyback Adjustment Pulled Yields Off Highs and Set Off the Week's Bitcoin Squeeze

Bitcoin advanced about 25% toward $80,000 before falling back, with roughly $100 million of long positions liquidated in one hour early Sunday as the price fell below $76,000.

- Published: 2026-08-23T05:46:20.809Z
- Canonical: https://polylog.news/crypto/2026-08-23/a-treasury-buyback-adjustment-pulled-yields-off-highs-and-se
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/08/22/how-a-treasury-buyback-tweak-helped-bitcoin-surge-nearly-25-in-days), [Bitcoin Magazine](https://bitcoinmagazine.com/markets/bitcoin-has-best-week-since-2023), [Polylog editors](https://polylog.news)

The most consequential input into last week's crypto rally came from the United States Treasury, not from crypto. CoinDesk reported that an adjustment to the Treasury's debt buyback operations helped pull long-term yields down from 19-year…

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