The U.S. Treasury just executed a $2 billion debt buyback program. This move signals shifting fiscal dynamics that could ripple across global markets, including crypto asset valuations. When governments actively manage debt through repurchases rather than issuance, it typically reflects confidence in economic conditions—but also reflects changing monetary policy directions. For crypto traders and investors, such macro-level moves deserve attention as they often precede broader shifts in liquidity and risk appetite across all asset classes.