The United States Treasury has engaged in a series of substantial debt buybacks over the past week, repurchasing a total of $6 billion of its own bonds. This includes an initial $4 billion buyback, one of the largest in history, followed by an additional $2 billion repurchase. Subsequently, the Treasury conducted another $4 billion buyback, bringing the total recent repurchases to $10 billion. These buybacks are notable because they represent a form of quantitative easing executed directly by the Treasury, bypassing the Federal Reserve. Market observers have noted that this injection of liquidity could have bullish implications for risk assets, including cryptocurrencies such as Bitcoin and altcoins.