Bitcoin: $275M Longs Liquidated After Senate Vote Fail
Bitcoin crashed to $74,900 after $275M longs liquidated as Crypto Clarity Act failed Senate vote, erasing $70B; current 4h chart shows $76,166 price in bearish structure.
SourceAnalysis
Bitcoin crashed -$2,200 to $74,900 in 20 minutes after the Crypto Clarity Act failed the Senate vote, triggering $275 million in long liquidations and $70 billion erased from the crypto market while Ethereum dropped below $2,400.
Price now sits at $76,166.43 on the 4h chart inside the Bollinger band with upper resistance at $78,715.9 and lower support at $76,010.01; the bearish EMA50 at $77,732.81 caps upside while EMA200 at $74,472.75 offers distant floor, and MACD death cross at -225.33 plus RSI at 36.38 confirm sellers retain control after the vote shock.
Bull Theory
@BullTheoryioResearch, Trades, onchain plays and all other crypto stuff simplified.Publishes institutional-grade cryptocurrency research and blockchain market intelligence. Delivers in-depth analysis of on-chain metrics, tokenomics, and decentralized finance (DeFi) ecosystems. Features proprietary data models, investment thesis breakdowns, and macro-level crypto trend forecasts. Provides strategic insights for sophisticated investors navigating digital asset markets. Maintains rigorous methodology in fundamental and technical analysis across crypto assets.
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