After Bitcoin quickly broke through the $79,000 mark yesterday, it has today fallen back to around $77,000.
The reason for this round of decline is: the Democratic Party rejected the “Clarity Act” proposed by the Republicans, and instead put forward its own bill.
Market forecasts put the probability of the “Clarity Act” passing in 2026 at just 15%.
Meanwhile, pessimists believe that if the Fed raises rates again, it could trigger a stock market correction—at which point Bitcoin could drop to $10,000.
In addition, as Bitcoin broke below $76,000, it also took out a position worth $115.6 million.
Of this, Bitcoin and Ethereum account for the vast majority.
Ethereum: $41.10 million
Bitcoin: $40.60 million
ZEC: $4.75 million
The remaining “other” portion: $4.64 million
The rest of the funds are spread across smaller projects.
This time is a forced liquidation, not a cash outflow of $115.6 million.
When the price falls below a closely watched support level, leveraged long positions are forcibly closed. Such liquidations increase additional supply.
Ethereum leads in total value, which matches the pattern seen in recent times.
When Bitcoin breaks below a round-number level, high-volatility positions are hit first.
$76,000 is still the first line of defense. If it is lost, the next target range would be $72,000–$74,000.
If that level can be held after this selloff, then this round may only be a brief pullback ahead of liquidation and before the Fed meeting.
#贝森特支持CLARITY法案终稿
The reason for this round of decline is: the Democratic Party rejected the “Clarity Act” proposed by the Republicans, and instead put forward its own bill.
Market forecasts put the probability of the “Clarity Act” passing in 2026 at just 15%.
Meanwhile, pessimists believe that if the Fed raises rates again, it could trigger a stock market correction—at which point Bitcoin could drop to $10,000.
In addition, as Bitcoin broke below $76,000, it also took out a position worth $115.6 million.
Of this, Bitcoin and Ethereum account for the vast majority.
Ethereum: $41.10 million
Bitcoin: $40.60 million
ZEC: $4.75 million
The remaining “other” portion: $4.64 million
The rest of the funds are spread across smaller projects.
This time is a forced liquidation, not a cash outflow of $115.6 million.
When the price falls below a closely watched support level, leveraged long positions are forcibly closed. Such liquidations increase additional supply.
Ethereum leads in total value, which matches the pattern seen in recent times.
When Bitcoin breaks below a round-number level, high-volatility positions are hit first.
$76,000 is still the first line of defense. If it is lost, the next target range would be $72,000–$74,000.
If that level can be held after this selloff, then this round may only be a brief pullback ahead of liquidation and before the Fed meeting.
#贝森特支持CLARITY法案终稿
