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Is the CLARITY bill stuck? No good news has arrived, but the market has already risen!
Regulatory uncertainty should normally be bearish, but the market has chosen to go up.
Behind this, there is actually a very interesting logic:
— The market is betting that “it will ultimately pass.”
Although the CLARITY bill has not yet entered the agenda, the disagreements are narrowing, which is key.
Because what the market fears most is not bad news, but—
— No direction.
The current state is:
✔ Controversial but progressing
✔ Uncertain but improving
This is enough for funds to start positioning early.
But the problem is also obvious:
— If progress stalls, sentiment can quickly reverse.
So this wave of market movement is essentially:
✔ Policy expectation trading
✔ Not policy implementation trading
In summary:
The market is not trading the outcome, but trading “hope.”
#加密市场回升