In the midst of $BTC inching slightly up into the 77.787,4 USD zone (+1.36% in 24h at the time of writing), have you noticed how the big funds are quietly putting up defensive shields instead of getting excited?

This week, the market is welcoming two key macro variables at the same time: the vote on the CLARITY Act in the U.S. Senate and the interest-rate decision from the Fed.

Looking at derivatives flows, the Funding Rate stays around equilibrium, but OI Put Options has surged sharply—suggesting whales and funds are urgently hedging downside risk rather than rushing to use leverage. The drop in spot liquidity also indicates the market makers are compressing the range, waiting for the right moment.

If the CLARITY Act passes to define the SEC–CFTC boundary, institutional capital will have a reason to move in and trigger a breakout. Conversely, if the Fed keeps a tightening stance, the risk of support being breached and a chain reaction of stop-losses is a scenario that’s very likely to happen.

For now, I choose to stand by and observe, to avoid adding liquidity to those candle-wick hunting runs.

In this zone, do you choose LONG or SHORT for $BTC ? Tap $BTC below and let’s look at the chart together! 👇

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