Short-term BTC holders send 23,000 coins to exchanges at a loss after CLARITY Act failure
- —Short-term holders sent 23,000 BTC worth ~$1.8 billion to exchanges at a loss
- —This is the largest STH capitulation in about a month
- —BTC fell from $79,500 to $76,000 even before the official failure of the vote
- —Social media discussions of the bill exceeded May levels when it passed committee
Why it matters: The failed vote increased pressure on short-term holders; BTC's next move depends on today's Fed decision.
Source: CryptoPotato