Webull CEO: Treasury-driven buying fueled Bitcoin rally; crypto buy orders jump nearly 300%

AI Market Summary

Comments from Webull's CEO point to a sharp rise in retail/investor demand for major crypto assets, citing nearly a 300% increase in buy-side orders for BTC and ETH. The framing links liquidity dynamics in Treasuries operations to improved risk appetite, reinforcing a near-term supportive tone for large-cap crypto and potentially lifting broader market participation and volumes.

Impact level

● Medium

Affected assets

BTC/USDT+1.68%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Webull CEO said on CNBC that stepped-up purchase activity tied to U.S. Treasuries helped ignite a strong rally in Bitcoin. He added that the platform is seeing close to a 300% surge in buy-side orders for major cryptocurrencies, including Bitcoin and Ether (ETH).

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