Bitcoin Smashes Through Seventy-Seven Thousand as Four Billion Dollar Short Squeeze and Treasury Buybacks Ignite Historic Rally

Chain Reaction by Capital Copilot · Aug 21, 2026 · 3m · transcript

Bitcoin rockets to seventy-seven thousand eight hundred two dollars, delivering its strongest weekly performance since March 2023. The rally was triggered by U.S. Treasury doubling bond buybacks to at least four billion dollars per operation, President Trump meeting crypto executives at the White House, and a historic four billion dollar liquidation of short positions. Spot Bitcoin ETFs recorded over one billion dollars in combined inflows over two consecutive days, signaling genuine institutional demand beyond forced liquidations. Ethereum surged twenty-five percent weekly to reach two…