This week, crypto prices in the aftermath of the Clarity Act and sell-the-news hangover will be closely watched.
With a price around 40% below its October 2025 high of $126,080, Bitcoin was trading at around $76,500 as the lengthy Memorial Day weekend drew near.
Its value dropped by almost $6,000 before the CLARITY Act was brought to a full Senate floor vote on May 18.
The abrupt drop in institutional interest was highlighted by the $648.64 million net outflow from US spot Bitcoin ETFs on that Monday, which was one of the biggest single-day redemptions of 2026.
The prior week was not significant either.
From May 11 to May 15, US spot bitcoin ETFs experienced outflows totaling $1 billion, marking the highest weekly amount since February.
Additionally, spot Ethereum ETFs faced a loss of $255.1 million, resulting in a combined two-week decline exceeding $1.25 billion.
The trend has become quite familiar at this point.
Individuals looking to grow their portfolios gathered resources in anticipation of a significant development — specifically, groundbreaking regulations in the cryptocurrency space that analysts had been monitoring for several months.
As soon as the information came in, all positions were promptly closed. The catalyst shifted focus from the entry point to the exit strategy.
What traders on social media referred to as a "textbook SELL THE NEWS bloodbath" was, in structural terms, a crowded long being unwound.
The question this week is whether that unwinding has come to a close.
Bitcoin: The $75K Line Holds the Plot Together
