Crypto Bulls Lose $570M in Liquidations After Clarity Act Fails

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Over $570 million in bullish cryptocurrency futures positions were wiped out within a 24-hour period. The liquidations followed the failure of the Clarity Act, which had been anticipated as a positive regulatory development for the crypto market. Bitcoin and Ether long positions suffered the heaviest losses among all digital assets. The event reflects how closely crypto market sentiment is tied to regulatory outcomes in the United States.

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