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$BTC breakout began in the bond market. Buybacks expansions can ease Treasury-market pressure, but cannot build a BTC recovery alone. After the July 2025 expansion, yields eased and Bitcoin reached its ATH months later. Treasury doubled long-end buyback size from $2B to at least $4B, yields eased, and compressed BTC broke toward $69.7K as shorts amplified the move. The catalyst unlocked price. The framework must now confirm Recovery.