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 markets, negative news typically drives BTC to continue falling, leading traders to gradually form the habit 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, the voting expectations for the CLARITY Act, and the failure to advance the act. At one point, the market viewed these events as reasons for Bitcoin to decline further, but BTC only briefly fell below the range's low point, quickly rebounding and showing strong resilience. Even when narratives related to a "Third World War" intensified, Bitcoin began to respond relatively positively to panic factors in terms of price. He believes this performance is a significant distinction between bull and bear markets: in a bear market, bad news drives prices down, while in a bull market, bad news may prompt traders to capitulate, after which prices continue to rise.

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