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CLARITY Act Fails in Senate, Triggers Widespread Liquidations for Bitcoin

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Bitcoin slipped below $76,855.70 after three failed attempts to clear $80,000 this week.

The CLARITY Act's failure in the Senate triggered $288.44 million in long liquidations within four hours on September 15.

This development coincided with $450.33 million of Bitcoin ETF outflows on the same day, increasing short-term crypto market and ETF flow risk.

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