Bitcoin Traders Eye $90K After CLARITY Act Vote

Bitcoin traders expect a quick move toward $90,000 after Thursday’s CLARITY Act vote as on-chain selling pressure eased and short-term holder supply declined to 22.2 percent.

Bitcoin has traded around $80,000 over the past week while the 200-day exponential moving average remains overhead resistance. Short-term selling measured on-chain fell to zero, and traders point to those signals and other metrics as reasons for a potential upside attempt.

More than $3 billion in leveraged long positions are clustered between $79,000 and $78,000. A pullback could test that zone before another attempt to clear the 200-day EMA.

Michaël van de Poppe, founder of MN Capital, predicted: ‘If this continues to grind upwards, with the upcoming CLARITY Act tomorrow, I would assume we might see a fast move to $90K in a matter of days for Bitcoin.’

Researcher Axel Adler Jr. reported that short-term holder loss pressure-an indicator that checks whether recent buyers hold BTC below their purchase price-registered zero percent for five straight days. Adler Jr. also noted the share of Bitcoin supply held by short-term traders fell to 22.2 percent, its lowest level in 90 days.

Crypto trader Zord cautioned that Bitcoin could face resistance between $83,400 and $84,600. That range corresponds to the 0.618–0.65 Fibonacci retracement after Bitcoin reclaimed the 50 percent retracement near $78,983, and traders may take profits inside that band.

The CLARITY Act is a proposed U.S. bill that would set clearer rules for how regulators oversee crypto platforms and stablecoins. Members of the Senate Banking Committee filed more than 100 amendments ahead of Thursday’s discussion, many addressing stablecoin rules, developer obligations and ethics. A leaked version of the bill suggests exchanges and other platforms might be barred from offering stablecoin rewards that function like interest from a traditional savings account. Research firm XWIN Japan stated the language appears aimed at separating stablecoins used for payments from products that behave like bank deposits.

Stablecoin activity has continued to grow across networks. ERC-20 stablecoin active addresses have increased in recent years, and XWIN Japan added that stablecoins remain the primary source of money moving through crypto markets.

Traders and analysts are monitoring on-chain indicators and the regulatory process. Market positioning around technical levels, concentrated leveraged longs and changes in short-term holder behavior are factors that could affect attempts to clear the 200-day EMA and test the $90,000 area after the CLARITY Act vote.