While Bitcoin is attempting to rewrite local highs, one of the crypto industry’s leading ideologues, Blockstream CEO Adam Back, pointed to the potential driver of Bitcoin’s rise by posting a meme with a bright green button labeled “Buy Green.” Mr. Back suggested that there is currently an unprecedented vacuum in the market, and there may be little chance of a significant correction in prices.
Identifying the factors behind the $71,000 breakout
The current technical image is $BTCThe /USDT pair confirms the buck theory. After a strong rally earlier in the day, the price broke through the psychological barrier of around $71,000 per dollar. $BTC Then we entered the resistance zone.
As Buck himself suggests, the characteristics of the candlesticks indicate that there may be purchases from strategies and capital inflows through new instruments such as the STRC network. It is also possible that Michael Saylor switches to market order mode and buys Bitcoin directly through the order book, although this is just speculation on the part of the Bucks.
It feels like someone is leaning on the buy 🟩 button. pic.twitter.com/iHGHAbHbCV
— Adam Back (@adam3us) March 10, 2026
Why is this happening now? Buck emphasizes that companies like Strategy are building their own financial flywheels. Issuing stocks and bonds with double-digit yields or higher provides liquidity that quickly converts into money. $BTC. This process can create a supply squeeze in which foreign exchange reserves cannot keep up with institutional demand.
at the moment $BTC is trading for approximately $70,500. If buyers can sustain the support zone, the next target could be consolidation above $72,000, paving the way for Bitcoin to reach levels not seen since February in early 2026.
