Bitcoin demand on Coinbase declines as traders move assets at an unrealized loss following the US Senate's rejection of the CLARITY Act, fueling short-term bearish sentiment.
Bitcoin demand on Coinbase declined after US Senate voted against CLARITY Act, with traders sending BTC to exchanges at a loss, indicating bearish sentiment.
Bitcoin faces short-term bearish pressure as exchange demand on Coinbase wanes following the US Senate's decision to vote against the CLARITY Act. Market data reveals that traders are moving BTC to exchanges at an unrealized loss, signaling a shift in investor sentiment.
The rejection of the CLARITY Act triggered a decline in Bitcoin demand on Coinbase and prompted traders to move assets to exchanges at an unrealized loss.