Bitcoin Drops to $75,900: $668M Liquidated After CLARITY Act Fails
BTC is down -2.14% today, trading at $75,996 after the US Senate rejected the CLARITY Act in a 49-50 vote.
What happened:
- $570M longs liquidated out of $668M total in 24h
- Fear & Greed dropped from 71 to 63
- Pi Network and Injective leading altcoin losses
Technical view:
BTC is still holding above the key support zone. 50-day EMA at $73,579 and 200-day EMA at $73,053 are the main defense. First support is $75,233 (50% Fib). Resistance is $82,850.
My analysis: This is a leverage washout, not a trend reversal. Spot demand is weak but structure is intact above $73K. If BTC breaks $76K with volume, we could see a quick bounce to $78K-$79.5K. Break below $73K opens door to $71K.
Are you buying this fear or waiting lower?
#crypto#bitcoin
BTC is down -2.14% today, trading at $75,996 after the US Senate rejected the CLARITY Act in a 49-50 vote.
What happened:
- $570M longs liquidated out of $668M total in 24h
- Fear & Greed dropped from 71 to 63
- Pi Network and Injective leading altcoin losses
Technical view:
BTC is still holding above the key support zone. 50-day EMA at $73,579 and 200-day EMA at $73,053 are the main defense. First support is $75,233 (50% Fib). Resistance is $82,850.
My analysis: This is a leverage washout, not a trend reversal. Spot demand is weak but structure is intact above $73K. If BTC breaks $76K with volume, we could see a quick bounce to $78K-$79.5K. Break below $73K opens door to $71K.
Are you buying this fear or waiting lower?
#crypto#bitcoin