Bitcoin Withstands Inflation Shock..."CLARITY Act on the 14th is a Watershed Moment"

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Bitcoin (BTC) has proven strong downside rigidity, firmly defending the $80,000 mark despite hotter-than-expected inflation data. This, coupled with large-scale accumulation by corporations and institutions, suggests it has entered the final consolidation phase before an explosive price breakout.

According to the investment media outlet TradingNews on May 12 (local time), Bitcoin (BTC) is currently trading around $80,688 as of Tuesday morning, on the verge of breaking through the 200-day exponential moving average (EMA) resistance at $82,130. Notably, despite the April Consumer Price Index (CPI) rising 3.8% year-over-year, marking the highest level since May 2023, Bitcoin only saw a 0.4% decline. This suggests that the market has either already priced in inflation concerns or recognizes BTC as a real hedge against inflation. The market is currently in a tense standoff between the psychological high of $82,000 and macroeconomic downside pressure.

Behind this robust price movement is the continuous accumulation by 'Bitcoin whales'. Strategy, led by Michael Saylor, invested approximately $43 million over the past week to acquire an additional 535 BTC, increasing its total holdings to 818,869. Strategy's average acquisition price is $75,540, placing it in a profit zone. It has adopted an aggressive strategy of absorbing supply when most investors are on the sidelines. Experts analyze this as a typical corporate accumulation pattern seen just before previous structural upward rallies.

Institutional fund inflows have also created a favorable environment, recording net inflows for six consecutive weeks. On Monday, the US spot Bitcoin ETF market saw $27.25 million in new funds, with total recent inflows reaching approximately $706 million. Particularly noteworthy is the fact that the funding rate in the futures market has turned positive after several weeks. This is interpreted as a technical signal that short positions, which had been weighing on the market, are being liquidated, and long positions, anticipating an upward breakout, are beginning to accumulate significantly.

From a regulatory perspective, the review of the US cryptocurrency market structure bill, the CLARITY Act, scheduled for this Thursday, is expected to be a major turning point. Despite fierce opposition from banks regarding stablecoin revenue-sharing provisions, the prediction market Polymarket has raised the probability of the bill's passage to 75%. If the bill passes, it will lay the legal groundwork for the inflow of massive institutional funds, such as pension funds and sovereign wealth funds, and is expected to elevate Bitcoin from a mere speculative asset to a strategic asset of national importance.

In the future, Bitcoin is expected to consolidate within a narrow range between $80,000 and $84,000 before determining its direction. If it decisively breaks above $82,000 on a closing basis, a relentless surge to the long-term resistance level between $88,000 and $90,000 is possible. Conversely, if the $76,000 support level breaks, a correction down to the $72,000 mark could occur, requiring caution. Experts diagnose the current stagnation as a healthy consolidation phase before entering the true Markup stage, predicting a strong rally upon a resistance breakout.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*