itcoin has dropped below the $76,000 level, putting strong pressure on the market. According to the figures being discussed, more than $800 million in long positions were liquidated over the last six hours. 🩸
Yesterday, I was already watching the market with a bearish bias, while many traders were aggressively chasing long positions. With this sudden move lower, those late longs are now facing heavy pressure.
But today could be even more important. 👀
The market is not only about technical charts right now. The expected decision around the U.S. CLARITY Act could become an important fundamental catalyst for crypto sentiment. If the decision arrives as expected, the reaction could potentially create significant volatility across Bitcoin and major altcoins.
That is why I believe traders should pay closer attention to fundamentals today instead of relying only on technical setups.
BTC, ETH and SOL could all see sharp moves depending on how the market reacts to the upcoming developments.
Stay alert, manage risk carefully, and don't blindly chase a move after a major liquidation event.
I’ll share my next market update when there is something important to watch. 🚀
#Bitcoin #BTC #Ethereum #ETH #Solana #SOL
#Crypto #CryptoMarket #CLARITYAct #Binance