According to CoinMeta, after the largest single-day short liquidation in Bitcoin's history, the price broke through $72,000, surpassing $70,000 for the first time in two months. The "operationally distorting" measures taken by the U.S. Treasury Secretary Scott Bessent drove down U.S. Treasury yields and the value of the dollar. Subsequently, Trump held a high-risk meeting with leaders in the crypto industry. BTSE's Chief Operating Officer Jeff Mei stated, "When yields decline and the dollar weakens, risky assets tend to rebound, and we have seen Bitcoin rise in response to this news." In addition, Ethereum's price also rebounded to $2,300, with the ETH / BTC ratio reaching its highest level since the beginning of the year. Bitcoin ETF saw a large influx of funds this week, especially yesterday, further proving that institutional demand for crypto assets is steadily growing. According to CoinMeta data, the total short liquidation on August 19-20 reached $3.1 billion, with Thursday's liquidation volume setting a new record for the largest single-day short liquidation in history. Bitcoin accounted for $1.65 billion of this total short liquidation.