Foreign media: A key vote on the CLARITY bill in the U.S. Senate is approaching, and with the Federal Reserve's meeting on Wednesday just around the corner, the crypto market is under short-term pressure. SolanaFloor states that in the past 48 hours, digital asset traders have faced dual disruptions from regulatory prospects and macroeconomic expectations, and market sentiment has clearly weakened.
BTC Return Increase
After opening on Monday, Bitcoin rose by 4% at one point, reaching near $79,000, but then quickly fell back. Reports cited Coinglass data indicating that during the recent round of fluctuations, more than $381 million in positions in the crypto market were liquidated, affecting both long and short sides.
CLARITY Prospects Weaken
The article states that the Democratic Party raised objections to the ethical provisions in the bill and proposed counter-arguments, but the Republican side refused to accept them, leading to a deadlock in negotiations. Market forecasts indicate that the likelihood of CLARITY being passed within the year has dropped to 14%, which has also lowered market expectations for the implementation of related legislation.
SOL ETF is still making a fortune.
Compared to the overall market pullback, Solana related ETF still demonstrates sustained interest from institutional funds. SolanaFloor states that SOL ETF has recorded net inflows for 12 consecutive weeks, and its product with a managed asset size of $993 million ranks at the top, accounting for over 68% of the total net assets.
- Solana ETF Total holdings have exceeded $1.46 billion.
- Accounts for approximately 2.38% of SOL's current market value.
- Bitwise remains ahead in the SOL ETF market
