---
title: "Analysis questions whether Bitcoin rally will revive treasury buying"
language: en
canonical: "https://whycoinmoves.com/en/events/bitcoin-1d2dd3dc1a739e"
published: 2026-10-20T05:23:30.000Z
updated: 2026-10-20T07:26:11.000Z
indexable: false
---

# Analysis questions whether Bitcoin rally will revive treasury buying

Attributed sources: [Cointelegraph](<https://cointelegraph.com/markets/bitcoin-rally-could-revive-treasury-buying-but-easy-money-days-over>)

## Key facts

A Cointelegraph report cites a Bitfinex derivatives executive saying a return to last year's indiscriminate capital raising looks unlikely, even as a Bitcoin rally could revive treasury buying. The commentary is attributed to a market participant, not an official statement, and no independent verification is provided in the supplied evidence.
News evidence score: 30/100 from 1 publisher group(s) (Cointelegraph); this measures source completeness, not truth or causation.
After site detection, observed returns were 1 hour: -0.27% (difference from BTC 0.00 pp; 20/10/2026, 13:25 → 20/10/2026, 14:29, UTC+8; OKX · USDT). Unlisted windows are unavailable.
In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 20/10/2026, 13:23, UTC+8). This hourly baseline is not directly comparable with a minute move.

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC+8) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | — | — | — | — | — |
| 1 hour | -0.27% | -0.27% | 0.00 pp | 20/10/2026, 13:25 → 20/10/2026, 14:29 | OKX · USDT |
| 24 hours | — | — | — | — | — |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Ready | true |
| Coverage | 99.9% (719/720) |
| Median absolute hourly return | 0.15% |
| 99th percentile of absolute hourly returns | 1.23% |
| BTC beta | 1.00 |
| Source / cutoff (UTC+8) | OKX · USDT / 20/10/2026, 13:23 |

## Claims and open questions

- Bitfinex head of derivatives Jag Kooner said a return to last year's indiscriminate capital raising looks unlikely, per Cointelegraph.
- Cointelegraph reports that a Bitcoin rally could revive treasury buying.
- Whether treasury buying has actually increased is not established in the supplied evidence.
- The basis for Kooner's assessment and any supporting data are not provided.

## Source evidence

- [Bitcoin rally could revive treasury buying, but easy-money days over](<https://cointelegraph.com/markets/bitcoin-rally-could-revive-treasury-buying-but-easy-money-days-over>) — Cointelegraph; published 20/10/2026, 09:35; received 20/10/2026, 13:23 (UTC+8).


## Recent BTC events and market reactions

- [AnchorWatch opens Nevada-chartered bitcoin custody with $370M insurance cap](<https://whycoinmoves.com/en/events/bitcoin-anchorwatch-launches-nevada-trust-company-7d7703ba650e95>)
- [BlackRock files for a third bitcoin fund with a capped-risk options strategy](<https://whycoinmoves.com/en/events/bitcoin-blackrock-files-third-bitcoin-etf-d93beb727638f5>)
- [Reports: Strategy buys $22M in bitcoin, repurchases $193M in STRC](<https://whycoinmoves.com/en/events/bitcoin-a8e56e82aac2a7>)
- [Full coin archive](<https://whycoinmoves.com/en/coins/bitcoin>)

[Methods and limitations](<https://whycoinmoves.com/en/methodology>)
Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.