Market Update: Macro Pressure & The Regulatory Finish Line ​1. BTC vs. Nasdaq Divergence Tech stocks hit lifetime highs, but $BTC has slipped to $79,165. While Nasdaq thrives on strong earnings, Bitcoin is reacting to a $1.25B flush triggered by sticky inflation data. Crypto isn't just lagging; it’s being re-priced as a macro liquidity hedge. ​2. PPI at 6% – Inflation Shock Headline PPI jumped 6.0% YoY—the steepest rise since 2023. Core PPI at 5.2% confirms wholesale inflation is "sticky," forcing the Fed to maintain a restrictive stance. Expect higher rates for longer, which traditionally squeezes crypto liquidity. ​3. CLARITY Act – The Markup Vote Today is D-Day for the CLARITY Act. The Senate Banking Committee vote is the "gatekeeper" for institutional capital. A pass today codifies $BTC and $ETH as commodities, potentially unlocking billions in staking ETF inflows and removing the SEC’s "regulation-by-enforcement" shadow. ​4. ETH/BTC Exhaustion? $ETH/BTC is hovering near 0.0283, down over 4% recently despite local bounces. With spot ETH ETFs seeing renewed inflows ($356M in April), we are watching for "market exhaustion" levels. If the CLARITY Act passes, the ETH rotation could catch the bears off guard. ​Are you HODLing through the macro noise or waiting for the CLARITY vote results? ​DYOR. #MarketOverloadWeek #CLARITYActVoteToday #WarshFedEraBegins $BTC $ETH $LAB