Roshan Aslam Co-founder & CEO of GoSats believes, “Bitcoin crossing $80,000 today is a big psychological level, its highest since mid-May, and it caps a rally of roughly 23% in just a week, one of the strongest weekly moves in years. This has been driven by a mix of factors: the US Treasury’s bond buyback plan, growing talk of an even larger buyback using Treasury General Account funds, a wave of short sellers getting liquidated, and renewed institutional demand, with spot Bitcoin ETFs pulling in close to $2 billion last week alone. It’s worth remembering Bitcoin is still well below its October high near $126,000, so this is a strong recovery, not new territory.
