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Bitcoin: Preparing for a Pump or Dump on May 14th?

1d ago•
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Bitcoin: Preparing for a Pump or Dump on May 14th?

In two days, Bitcoin could be sitting at $90K or down around $65K. . Those are the nearest strong resistance and support levels. Everything else, the price will just blow right through depending on how the Senate vote goes.

If lawmakers don't pass the Clarity Act on May 14, they'll head off on break, and the bill will get pushed to the end of the year because of the midterms. In that case, it's a dump. Everyone and their mother will be selling Bitcoin. If it passes, the act will finally lay out clear rules for what counts as a security in crypto and make stablecoins legal. That would open the real liquidity floodgates, and Bitcoin would be looking at a pump.

Judging by on‑chain data, whales are getting ready for a dump scenario. They've sold 27.6 thousand BTC over the past month. Yesterday, within just a few hours, sell orders went through for 1,481 BTC, then 2,886 BTC, and another 1,181 BTC.

On the Polymarket prediction platform, the odds of the law passing in 2026 are around 67%. Analysts are calling it a 50/50 toss‑up. So what's an ordinary crypto investor supposed to do here? Hedge with options? Wait for the drop and average down? Or just buy Bitcoin right now?

submitted by /u/tornavec
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1d ago•
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