Tom Lee spoke today at Consensus Miami with surgical precision: “if $BTC closes May above $76,000, the new bull market is confirmed.” We are currently in the first week of May above $78,000. The line is well below the current price. However, Gillibrand is still blocking the CLARITY Act — the last hurdle before the markup in the week of May 11. The market prices in resolution in days, not weeks.
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💣 BOMBSHELL DATA:
$BTC has today the most negative funding rates in 47 days — retail shorts, institutional longs. That divergence in derivatives is the signal that historically precedes the most violent short squeezes. At the same time, Amazon integrated Coinbase x402 into Bedrock today: AWS AI agents can now purchase APIs, web content, and digital services autonomously using USDC. Tokenization + agentic AI are the two narratives that Tom Lee identified as the engines of the next cycle. BTC is the store of value for that cycle.