💥 US Treasury just executed a $15B debt buyback — the LARGEST in history.
This is liquidity injection 101. When the government buys back its own bonds, it pumps cash into the system. More dollars chasing assets = risk-on sentiment.
For crypto:
→ Weakens the dollar (bullish for BTC as a hedge)
→ Signals they're managing debt stress (macro stability)
→ Could front-run rate cuts if they're trying to ease financial conditions
Watch DXY. If it rolls over, alts catch a bid. This is the kind of macro shift that precedes pumps, not dumps.