Famous trader: Bitcoin has continuously digested interest rate hikes and the obstruction of the CLARITY Act, the market trend may have changed

Renowned trader Killa stated, "The 'Everything is Priced In' chart records the major catalytic events in each cycle of Bitcoin, as well as the price performance after these events occur." He believes that during bear market phases, negative news typically drives BTC to continue falling, leading traders to gradually form the inertia of "shorting on bad news"; however, when the high time frame trend reverses, the same news may only cause temporary panic, after which Bitcoin absorbs the selling pressure and continues to rise.

Recently, the market has experienced the Federal Reserve's interest rate hikes, expectations for the vote on the CLARITY Act, and the failure of the act to advance. At one point, the market viewed these events as reasons for Bitcoin to drop further, but BTC only briefly fell below the lower range before quickly rebounding and showing strong resilience. Even when narratives related to the "Third World War" heated up, Bitcoin began to respond relatively positively to panic factors in terms of price. He believes that this performance is an important distinction between bull and bear markets: in a bear market, negative news drives prices down, while in a bull market, negative news may cause traders to capitulate, after which prices continue to rise.

Killa noted that an important catalyst confirming the continuation of the last cycle was the approval of the spot Bitcoin ETF, and a similar catalyst for this cycle may be the CLARITY Act. Bitcoin's recent ability to digest multiple negative factors is an important basis for his judgment that the trend has changed.