Bitcoin’s 22% rally now needs real demand to outlast Treasury liquidity boost

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Bitcoin’s 22% rally appears largely driven by a temporary Treasury liquidity boost rather than sustained buying. For the move to persist beyond this macro tailwind, markets need durable demand such as continued ETF/spot inflows, stronger on‑chain activity, or reduced seller pressure from miners. If that real demand does not materialize as Treasury liquidity normalizes, the rally is vulnerable to a sharp reversal.

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