Bitcoin slipped below $80,000 on Wednesday as crypto markets turned cautious ahead of Thursday’s highly anticipated U.S. Senate Banking Committee markup meeting on the Clarity Act.

Notable Statistics:

Coinglass data shows 120,108 traders were liquidated in the past 24 hours for $374.66 million.       

SoSoValue data shows net outflows of $233.3 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $130.6 million.

In the past 24 hours, top losers include SKYAI, Toncoin and Terra Classic.

Notable Developments:

Trader Notes:

Trader KillaXBT said Bitcoin’s broader bear-market structure still leaves room for a move below $60,000, although the…

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