🚨 This is unbelievable.
The CLARITY Act was supposed to be one of the most bullish crypto developments in U.S. history.
Instead: 📉 Bitcoin dropped over $5,000
📉 More than $100B wiped from BTC market cap
📉 $1.4B in longs liquidated in days
Why?
Because markets are being driven by macro conditions right now: • rising bond yields
• oil above $100
• risk-off sentiment
• aggressive leverage unwinds
Even bullish regulation cannot overpower liquidity and positioning in the short term.
Crypto is still trading like a high-risk macro asset.