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This move is honestly shocking. Ever since the Clarity Act got approved, $BTC has dumped nearly $5,400, erasing around $110 BILLION from its total market cap in a very short time. Even worse, over the last 5 days, the market has seen more than $1.4 BILLION worth of long liquidations, showing how aggressively traders were positioned for upside.
What makes it even crazier is that this was widely expected to be a bullish catalyst. But instead of pumping, BTC did the opposite proving once again that markets don’t react to headlines the way retail expects. When everyone is already long, bullish news often becomes an excuse for whales to take profit and trigger a leverage flush.
Crypto rewards positioning, not predictions.
#BTC #Rmj-Trades