Clarity Act and Crypto Market
"Now, we do have the Clarity Act coming. Could be a month away. Could be the big catalyst that turns the crypto market around and sees money starting to flow back in. If it doesn't, just enjoy the bare market."
ℹ️ In shortThe upcoming Clarity Act could be the catalyst to turn the crypto market around, but if it doesn't, the bear market will persist.
This prediction is awaiting verification.
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… in ETFs still hold $54 billion, which is good, but also means they still have a lot of Bitcoin they could sell. Even if you see another $5 billion outflow, that's $5 billion outflow with very few buyers on the other side of it. That's the problem because everybody is waiting for 38K or 40K to buy, which would be the standard bare market draw down. Now, we do have the Clarity Act coming. Could be a month away. Could be the big catalyst that turns the crypto market around and sees money starting to flow back in. If it doesn't, just enjoy the bare market. These are savage numbers. Wall Street just absolutely smashing the sell button here. either getting into cash because they're worried what's going on the stock market or getting into cash so they can then take that cash and go ape into Micron Tech or uh you know SanDisk at a 99 monthly RSI crazy but can posted this over $1.4 4 billion in Bitcoin l …
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