š” Real-time Update: The Clarity Act was unanimously opposed by Democrats, and a total of $450 million was withdrawn from the BTC ETF in a single day.
The U.S. Clarity Act regulatory bill was declared a failed breakthrough attempt after every Democrat voted against it, instantly shattering the compliance-driven upside the market had expected. This vote directly stalled institutional compliance progress, but the marketās reaction is likely overblownāshort-term legislative delays donāt mean the bill is completely dead.
In response to this news, the BTC ETF saw $450 million in daily outflows, and the BTC price pulled back to $76,047. However, the funding rate is still holding at a neutral +0.0001%, and the whale position ratio is as high as 2.25, indicating large holders are not panicking and sellingāthis is merely retail investorsā sentiment-driven retreat caused by the bill not passing.
āLegislative failure flushes out chasing retail buyers, while big players are quietly picking up the chips.ā
š® Cheesebuilderās Prediction: If BTC holds the $75,000 support level before 09-23, the market will shift its focus to whether the Federal Reserve will cut rates, validating the date 2026-09-23.
(These are purely personal observations, not investment advice.)
With the Clarity Act rejected leading to a $450 million ETF plunge, do you think this is ābad news fully digested,ā or the start of a pullback?
Cheesebuilder King updates dailyābringing you insight into whale activity š§
#markets #BTC #regulation #bitcoin
The U.S. Clarity Act regulatory bill was declared a failed breakthrough attempt after every Democrat voted against it, instantly shattering the compliance-driven upside the market had expected. This vote directly stalled institutional compliance progress, but the marketās reaction is likely overblownāshort-term legislative delays donāt mean the bill is completely dead.
In response to this news, the BTC ETF saw $450 million in daily outflows, and the BTC price pulled back to $76,047. However, the funding rate is still holding at a neutral +0.0001%, and the whale position ratio is as high as 2.25, indicating large holders are not panicking and sellingāthis is merely retail investorsā sentiment-driven retreat caused by the bill not passing.
āLegislative failure flushes out chasing retail buyers, while big players are quietly picking up the chips.ā
š® Cheesebuilderās Prediction: If BTC holds the $75,000 support level before 09-23, the market will shift its focus to whether the Federal Reserve will cut rates, validating the date 2026-09-23.
(These are purely personal observations, not investment advice.)
With the Clarity Act rejected leading to a $450 million ETF plunge, do you think this is ābad news fully digested,ā or the start of a pullback?
Cheesebuilder King updates dailyābringing you insight into whale activity š§
#markets #BTC #regulation #bitcoin