BTC saw a massive daily net outflow of $450 million yesterday!!!

Caught between the CLARITY Act's failed Senate vote and the shadow of macro rate hikes, the already strained liquidity suddenly tightened further.

BTC's price briefly fell below $75,000, while liquidations across the market exceeded $538 million, and the Fear and Greed Index quickly dropped to neutral!
Leaving the entire market feeling cold.

The rapid bleeding of liquidity is severely disrupting the short-term market.
Not only did the two leading spot ETF products each suffer concentrated withdrawals of hundreds of millions of dollars, but a large number of highly leveraged long positions were also forcibly liquidated amid the sharp price drop.

Some whales have begun frequently rotating their positions to hedge risk, while institutional funds have chosen to exit and wait on the sidelines in the short term. The lack of new funds to take over has kept BTC's short-term valuation under pressure, and the leverage structure is undergoing a severe shakeout.

However, I believe the delayed implementation of the CLARITY Act will mainly trigger short-term sentiment volatility and will not alter the overall bullish trend in the long run.

The current price structure has not set a new low, and the room for a pullback is relatively limited. If BTC can maintain sideways consolidation within the key range, the longer the consolidation lasts, the more fully the chips will change hands, instead accumulating energy for a subsequent strong rally.

This can also be viewed as a shakeout of excessive leverage, driving out weak-handed positions.

The broader trend has not been broken at all, and rushing to turn bearish now could easily lead to losses. As long as the price can hold sideways at low levels without making a new low, the longer the shakeout lasts, the stronger the subsequent rebound will be. There is no need to be scared out by short-term negative news. #CLARITY法案未获通过