
How the US Treasury’s cash rebuild could cap Bitcoin enthusiasm through fall
Bitcoin usually follows M2 peaks, particularly when paired with large Treasury issuance removing liquidity from the financial system.
Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.

Despite the similarities, Glassnode noted that each cycle carries unique characteristics that prevent guaranteed temporal patterns.

Glassnode reported that crypto traders swiftly capitalized on the market strength, realizing substantial gains amid contraction signals.

Until a catalyst appears, traders should expect range-bound conditions to dominate, with volatility shaped by incoming macroeconomic data.

The value locked in Polygon increased nearly $400 million this year, with 20% of this seen in the past 30 days.

Stablecoins dominate at $267 billion while tokenized Treasuries climb past $7 billion.

The surprise market drop triggers $534 million in liquidations, hitting Ethereum traders hardest with $212 million in losses.



