Bitcoin: Senate Bill Triggers 25% Crash

Bitcoin crashed 25% from $82k to $61.3k in 20 days after the Senate banking committee passed the crypto market structure bill on May 14, wiping out $406 billion in market cap and triggering $10.98 billion in leveraged liquidations. Bitcoin ETFs recorded $4.356 billion in outflows with zero inflows since the bill advanced, while MicroStrategy sold 32 BTC for the first time since 2022. On the 4h chart BTC trades at $63742.61 inside the Bollinger Bands with bearish EMA50 at $70346.59 and EMA200 at $74989.54 acting as resistance; RSI at 26.32 signals oversold conditions while MACD death cross at -2446.41 confirms momentum loss, pointing to a likely test of lower Bollinger support near $61345.35 before any relief. This aligns with the post-bill liquidity rotation into equities hitting all-time highs and fuels ongoing BTC price prediction debates around the crypto market crash cycle lows.