深潮TechFlow|8月 24, 2026 10:13
[QCP: BTC Achieves Strongest Weekly Performance Since March 2024, Driven by U.S. Treasury Liquidity Changes and Market Repricing]
Deep Tide TechFlow reports that on August 24, according to a QCP report, BTC surged over 20% last week, reaching approximately $79,500 on Friday, marking its strongest weekly performance since March 2024. QCP noted that this rally was initially driven by large-scale short covering, followed by further expansion in spot market demand.
Last week, U.S. spot BTC and ETH ETFs saw a combined net inflow of approximately $2.6 billion, the highest since October 2025. Of this, BTC ETFs accounted for about $1.92 billion in net inflows, while ETH ETFs saw about $697 million, reversing the previous week's combined net outflow of approximately $392 million.
On the macroeconomic front, the yield on U.S. 30-year Treasury bonds briefly approached 5.3%, reaching its highest level since 2007, while the total U.S. federal debt surpassed $40 trillion. Subsequently, the U.S. Treasury announced that from September 9 to November 4, it would increase the liquidity support repurchase scale for 10-20 year and 20-30 year Treasury bonds from a maximum of $2 billion per operation to at least $4 billion per operation.
Following this announcement, long-term U.S. Treasury yields temporarily declined, the dollar weakened, and BTC and gold prices rose. QCP emphasized that such repurchases are part of the U.S. Treasury's debt management operations and do not constitute quantitative easing.
Meanwhile, BTC's front-end implied volatility has risen significantly, though downside skew remains relatively controlled. This week, the market will focus on U.S. PCE inflation data, Nvidia's earnings report, and Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole symposium.
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