The CLARITY Act didn’t pass. The Fed raised rates, and the Bank of Japan also raised rates—by normal logic, this is almost a package of negative catalysts for risk assets.
Yet now BTC has surged back above $80,000 in one swoop.
I think the core issue isn’t that something suddenly “great” happened, but that the market has already priced in everything that was supposed to go down.
The failure of the CLARITY Act and the rate-hike expectations weren’t things that happened overnight. What’s truly key is: after the negative news was “landed,” BTC didn’t keep dropping.
At the same time, the SEC also granted temporary regulatory exemptions for some tokenized U.S. stock trading, and the U.S. strategic Bitcoin reserve-related bill is still moving forward. In other words, CLARITY not passing ≠ the U.S. crypto regulatory roadmap is completely dead.
Add to that falling oil prices and strength in tech stocks, and risk appetite is starting to recover.
And the final spark comes from the market structure itself.
After BTC broke through the resistance level around $78,000, a large number of short sellers were forced to stop-loss and cover. The more the price rose, the more shorts bought back—directly triggering a round of short squeezes and pushing BTC above $80,000.
So the most worth watching about last night’s move wasn’t “what good news came out,” but a simpler signal:
With so many negative catalysts on the table, BTC still couldn’t be made to drop.
Sometimes, the inability to fall is itself the biggest positive.$BTC
#比特币突破8万美元大关
Yet now BTC has surged back above $80,000 in one swoop.
I think the core issue isn’t that something suddenly “great” happened, but that the market has already priced in everything that was supposed to go down.
The failure of the CLARITY Act and the rate-hike expectations weren’t things that happened overnight. What’s truly key is: after the negative news was “landed,” BTC didn’t keep dropping.
At the same time, the SEC also granted temporary regulatory exemptions for some tokenized U.S. stock trading, and the U.S. strategic Bitcoin reserve-related bill is still moving forward. In other words, CLARITY not passing ≠ the U.S. crypto regulatory roadmap is completely dead.
Add to that falling oil prices and strength in tech stocks, and risk appetite is starting to recover.
And the final spark comes from the market structure itself.
After BTC broke through the resistance level around $78,000, a large number of short sellers were forced to stop-loss and cover. The more the price rose, the more shorts bought back—directly triggering a round of short squeezes and pushing BTC above $80,000.
So the most worth watching about last night’s move wasn’t “what good news came out,” but a simpler signal:
With so many negative catalysts on the table, BTC still couldn’t be made to drop.
Sometimes, the inability to fall is itself the biggest positive.$BTC
#比特币突破8万美元大关
