US Debt Issuance on Blockchain Fuels Bitcoin Demand via Tokenization

The US government is seeking more buyers for its record debt issuance through blockchain rails. This shift in focus has led to increased demand for Bitcoin, which now hinges on tokenization and AI agents.

Jamie Coutts believes that the current state of affairs will set up the next cycle phase beyond last year's long-term holder distribution peak.

The 4-hour chart shows BTC trading at $62,556.38 in a bearish structure below both EMA50 at $64,008.39 and EMA200 at $63,831.59, with MACD at -408.05 confirming the death cross while RSI at 33.95 stays neutral.

The market trades inside Bollinger Bands, where any push toward upper resistance at $65,240.12 risks a swift retracement to lower support near $62,194.86 before liquidity returns.