Bitcoin had a brief pump after the CLARITY Act advancements, but the surge quickly lost steam with the overheated sentiment and miners flooding back into the market to sell.
While regulatory clarity remains a strong long-term bullish factor for crypto, short-term conditions are getting more fragile. On-chain data from Santiment showed a spike in "greed" sentiment, while miners are said to have dumped around 800 BTC in just four days.
BTC has now dipped to around $76,900, showcasing just how leveraged and emotionally driven the market is right now. Quick ups are still on the table, but volatility and liquidation risks are still extremely high.#NCUAProposesStablecoinIssuerRule #IranHormuzSafeCryptoInsurance #CanaryCapitalFilesStakedTRXETF $WARD $REZ
While regulatory clarity remains a strong long-term bullish factor for crypto, short-term conditions are getting more fragile. On-chain data from Santiment showed a spike in "greed" sentiment, while miners are said to have dumped around 800 BTC in just four days.
BTC has now dipped to around $76,900, showcasing just how leveraged and emotionally driven the market is right now. Quick ups are still on the table, but volatility and liquidation risks are still extremely high.#NCUAProposesStablecoinIssuerRule #IranHormuzSafeCryptoInsurance #CanaryCapitalFilesStakedTRXETF $WARD $REZ