Bitcoin hovers near $80,000 in early trading hours Wednesday as traders stayed cautious ahead of the upcoming Clarity Act meeting despite continued ETF outflows and neutral market sentiment.

Bitcoin ETFs saw $233.3 million in net outflows on Tuesday, while Ethereum ETFs reported $130.6 million in net outflows.    

Meme coin market capitalization is trading 0.4% higher to $40 billion over the past 24 hours.

Trader Commentary: 

TraderSZ expects Bitcoin to continue higher, identifying $98,000 as a minimum upside target based on the broader market structure.

The trader added that liquidity and stop orders are likely concentrated around that level, making it an important zone for traders to…

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