Bitcoin: Tokenization Fuels Demand for Debt Buyers

Bitcoin demand now hinges on tokenization and AI agents according to Jamie Coutts, with the US government seeking more buyers for record debt issuance through blockchain rails.

Global liquidity shortfalls and AI industry impact have shifted focus from MicroStrategy selling to structural funding gaps, setting up the next cycle phase beyond last year's long-term holder distribution peak.

Price action on the 4h chart shows BTC at $62556.38 trapped in a bearish structure below both EMA50 at $64008.39 and EMA200 at $63831.59, 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 $65240.12 risks a swift retracement to lower support near $62194.86 before liquidity returns.