We've seen this before... BTC Every time market starts pricing a major catalyst, huge part of expectation gets embedded into price Push it back and that's what happens Winklevoss ETF rejection in 2017. Spot ETF delays in 2023. Now the Clarity Act in 2026 Each one resulted into ~20-30% dump And right now it comes while BTC is already structurally weak, with huge stuck downside liquidity to take That could be the beginning of what takes us to macro bottom(𝗰𝘆𝗰𝗹𝗼𝗽)