BTC hit 82k right after the Clarity Act cleared Senate Banking Committee 15-9 last Thursday. Didn’t even last a day, dumped straight back to 78k.

Funding rate on bydfi went positive the second the headline dropped, longs everywhere. Then 82k hit, price started bleeding, flipped negative within hours. People who knew what was coming already took profit while everyone else was still entering.

At this point it’s a pattern. ETF approval last year, market topped the day it was confirmed. Coinbase IPO, the opening candle was the high. Major catalyst lands, smart money leaves.

But more is everyone treating this like crypto regulation is a done deal now. This thing passed committee, nothing else. Senate floor vote hasn’t happened. House hasn’t even started. Look at GENIUS Act, went through the exact same pipeline and came out the other end completely gutted. With all the political drama around Trump family crypto involvement I don’t see why Clarity Act would survive intact either.

The “regulation is turning bullish” trade has been running since last year. ETF, stablecoin bills, now this. Market priced in every step before it happened. So what’s left to buy when it actually becomes law?

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