BTC dropped 1,800 points exactly when the US market opened today. Here's what I think happened.

Noticed something interesting today and wanted to share the full picture.

Yesterday the Clarity Act cleared the Senate Banking Committee with a 15-9 bipartisan vote. Huge news for crypto regulation. BTC reacted immediately — shot up to 81.9k, tested 82k, got rejected there.

Then today it held above 80k all morning. Looked like the Clarity Act momentum was holding.

Then the moment the US stock market opened — BTC dropped 1,800 points in 90 minutes. From 80.5k down to 78.7k. That's -2.2%.

So the US market open triggered the sell-off. Not a coincidence.

My read: the Clarity Act gave a short-term boost but the macro backdrop is still rough. Two consecutive days of heavy ETF outflows this week (-$364M, -$667M) after the CPI print. The regulatory news gave a reason to buy — the US open gave institutions a reason to sell into that strength.

Classic "buy the rumor, sell the news" — except the news was actually good. Which makes the selling more interesting.

Tomorrow's ETF data will show whether institutions are genuinely back or just pausing between outflows.

Anyone else surprised how quickly the market shrugged off the Clarity Act news — or is "buy the rumor, sell the news" just the default crypto playbook at this point?