Interesting timing but we have to separate narrative from structure.
Yes, Coinbase withdrawing support for the CLARITY Act lined up almost exactly with that local BTC bottom during consolidation. But correlation doesn’t automatically mean causation.
What likely mattered more:
• BTC was already at key technical support
• Liquidations had flushed leverage
• Sentiment was stretched bearish
• Macro positioning was crowded short
News often acts as a catalyst at turning points — but usually the market was already primed for reversal.
Markets bottom when:
Fear is high
Liquidity is swept
Sellers are exhausted
The headline may have been the spark.
The structure was the fuel.
So coincidence?
Probably more timing alignment than direct cause.
Price moves first. Narratives follow.
#PEPEBrokeThroughDowntrendLine #PredictionMarketsCFTCBacking #WhenWillCLARITYActPass