You shared a Binance Square article — here's what it is:
Bitcoin News | Bitcoin Hits $85,000 and Clears Every Level Analysts Set After the Clarity Failure
A week ago most expected a Fed hike + the Clarity Act failing in the Senate to trigger a sell-off. The Fed hiked and the bill failed. Bitcoin now trades at $85,000.
What the article breaks down:
1. Kalchev's levels all cleared
Ilya Kalchev at Nexo had laid out $77,950 as first level to clear, then $79,300 and $80,000, with above $80,000 opening way to $81,400. Bitcoin is now $3,600 above the highest of those. His base call was consolidation — "Bitcoin's next move is now linked to a catalyst that it does not have yet".
The article says the catalyst came from outside crypto: Brent fell for a 4th straight session as Washington and Tehran moved toward talks — Trump said he would "probably" be open to meeting Iranian President Masoud Pezeshkian at UNGA. Cheaper oil eased the inflation input that drove the 10-year yield to 5.04%.
2. Traders weren't positioned for passage
Bitfinex derivatives head Jag Kooner: "There was little evidence that traders had positioned themselves for its passage ahead of the vote". So damage fell on leverage: Long futures positions worth $571 million were liquidated in 24h after the 49-50 cloture vote.
3. Hougan called any selloff an opportunity
Bitwise CIO Matt Hougan: "If bitcoin sells off in the short-term due to Clarity Act vibes, I'd consider that an opportunity". Bitcoin touched below $75k on the vote and is up ∼13% since.
4. SEC moved within 48 hours
The SEC issued a temporary, conditional innovation exemption allowing eligible crypto platforms to facilitate trading in tokenized US stocks.
5. But rally is mostly shorts getting squeezed
Rally driven heavily by short liquidations — roughly $300 million in a single hour Monday — rather than confirmed spot demand. CryptoQuant spot demand was at -145,000 BTC and ETF flows mixed.
Next tests: September jobs report on Oct 2 and CPI on Oct 14. The $80k-$82k band flipped from resistance to support.
today price
#BTC
Bitcoin News | Bitcoin Hits $85,000 and Clears Every Level Analysts Set After the Clarity Failure
A week ago most expected a Fed hike + the Clarity Act failing in the Senate to trigger a sell-off. The Fed hiked and the bill failed. Bitcoin now trades at $85,000.
What the article breaks down:
1. Kalchev's levels all cleared
Ilya Kalchev at Nexo had laid out $77,950 as first level to clear, then $79,300 and $80,000, with above $80,000 opening way to $81,400. Bitcoin is now $3,600 above the highest of those. His base call was consolidation — "Bitcoin's next move is now linked to a catalyst that it does not have yet".
The article says the catalyst came from outside crypto: Brent fell for a 4th straight session as Washington and Tehran moved toward talks — Trump said he would "probably" be open to meeting Iranian President Masoud Pezeshkian at UNGA. Cheaper oil eased the inflation input that drove the 10-year yield to 5.04%.
2. Traders weren't positioned for passage
Bitfinex derivatives head Jag Kooner: "There was little evidence that traders had positioned themselves for its passage ahead of the vote". So damage fell on leverage: Long futures positions worth $571 million were liquidated in 24h after the 49-50 cloture vote.
3. Hougan called any selloff an opportunity
Bitwise CIO Matt Hougan: "If bitcoin sells off in the short-term due to Clarity Act vibes, I'd consider that an opportunity". Bitcoin touched below $75k on the vote and is up ∼13% since.
4. SEC moved within 48 hours
The SEC issued a temporary, conditional innovation exemption allowing eligible crypto platforms to facilitate trading in tokenized US stocks.
5. But rally is mostly shorts getting squeezed
Rally driven heavily by short liquidations — roughly $300 million in a single hour Monday — rather than confirmed spot demand. CryptoQuant spot demand was at -145,000 BTC and ETF flows mixed.
Next tests: September jobs report on Oct 2 and CPI on Oct 14. The $80k-$82k band flipped from resistance to support.
today price
#BTC
