Prominent Trader: Clarity Act to Play Crypto ETF Role in Last Cycle, Bitcoin May Bottom Out and Rally Pre-Passage

August 12th, famous trader Killa posted, stating that during the last bull market, Bitcoin had already started to recover from the low point before the ETF rumor and formal approval, emphasizing that the market often reflects positive news in advance.

Therefore, this round may be similar. The current "Clarity Act" is shaping a new narrative, "If it does indeed become a catalyst, it is likely to mark the start of a meaningful uptrend for BTC after the first bear market recovery, and the approval itself will soon propel BTC to a new ATH (just like ETF approval)."

Killa, as a BTC-focused quantitative trader, had predicted the peak of this bull market in May 2025 and has over 200,000 followers on Platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long positions during the market-wide downturn on June 5th.