The Same US Treasury Move Sent Bitcoin From $65K to $80K – So Why Didn’t It Work This Time?

The article argues that a U.S. Treasury liquidity move that previously helped propel Bitcoin from $65,000 to $80,000 failed to produce the same reaction this time. The difference was likely a less favorable macro backdrop, including tighter liquidity expectations, weaker risk appetite, and reduced market positioning, rather than the Treasury action itself. The implication is that Treasury-driven liquidity is not a standalone bullish catalyst: Bitcoin’s response remains dependent on broader monetary conditions, investor demand, and sentiment.