The landmark crypto legislation, the CLARITY Act, will face a crucial vote in the US Senate later today (September 15) and could trigger significant volatility across the digital asset sector.<\/p>\n
The vote itself doesn\u2019t mean that the bill will be enacted, but it could pave the way for formal discussion. However, Democrats don\u2019t seem thrilled by the proposed framework and keep insisting<\/a> on additional changes, significantly reducing the CLARITY Act\u2019s chances of being signed into law before the end of the year. That said, some crypto traders have started preparing for the possible impact.<\/p>\n X user Max Crypto revealed<\/a> that an anonymous whale has opened a $47 million short position on Bitcoin (BTC), a $22 million short on Ethereum (ETH), and a $4 million short on Zcash (ZEC) ahead of the vote.<\/p>\n What\u2019s interesting is that the market participant has made almost 2,300 trades so far and has a 100% win rate. Of course, such a successful streak has caused Max Crypto to wonder whether the whale is an \u201cinsider,\u201d with many others sharing the same theory.<\/p>\n Numerous analysts expect the legislation to be rejected today and project a serious downfall for BTC in response. X user Midas thinks<\/a> the primary cryptocurrency would \u201cdump brutally\u201d on such news, break below $70,000, and move toward new lows.<\/p>\n \u201cOnce $70K breaks, most of the remaining liquidity sits below $60K. That\u2019s where the real fear should finally hit the market. And that\u2019s exactly what we still need to form the 2026 macro bottom. I still expect one final capitulation before this cycle is over,\u201d they added.<\/p>\n Before that, Midas argued<\/a> that BTC trades inside a descending structure seen before and warned of an ultimate flashout to $50,000 \u201csoon.\u201d The analyst views $55K as the area where the bear market finally ends, and until then, \u201cevery aggressive bounce still looks like another trap.\u201d<\/p>\n Contrary to the prevailing pessimism, the analytics platform Lookonchain revealed<\/a> another unknown market participant who moved in the opposite direction.<\/p>\n The whale closed their $58.4 million short position on BTC for a $266,000 profit, then flipped to a 40x long on 900 BTC. The major player has opened 914 trades so far and has a win rate of around 51.72%.<\/p>\n The post Preparing for a Post-CLARITY Crash? Whale Opens Massive BTC, ETH, and ZEC Shorts<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The landmark crypto legislation, the CLARITY Act, will face a crucial vote in the US Senate later today (September 15) and could trigger significant volatility across the digital asset sector. The vote itself doesn\u2019t mean that the bill will be enacted, but it could pave the way for formal discussion. However, Democrats don\u2019t seem thrilled […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-227864","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/227864"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=227864"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/227864\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=227864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=227864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Brace for a Collapse?<\/h2>\n
A Pump Instead?<\/h2>\n