Wintermute: Market Absorbed Fed Rate Hike and CLARITY Act Failure
- —Fed raised rates 25 bps to 3.75–4.00% on Sept. 16 in a unanimous 12-0 vote
- —CLARITY Act cloture vote failed 49-50, short of the 60 needed
- —About $250 million in shorts liquidated as BTC hit $86,000, an 8-month high
- —Bitcoin ETFs saw $746 million in outflows over two days, but $593 million returned within 48 hours
Why it matters: The market proved resilient to macro and regulatory shocks, with attention shifting to ETH, SOL and HYPE.
Source: CoinPost