Bitcoin’s 19.9% Pump Is a Treasury Yield Trade, Not a Crypto Rally
The numbers landed like an alarm. August 21, 2025. Bitcoin up 19.9% in 24...
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Greed
Market Sentiment
92 million ARB released
Team and early investor shares released
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Circulating supply increases by about 2%
Block reward halving event
Independent validator client goes live on mainnet
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