Insight: Prior to the CLARITY Act Vote, Bitcoin Investors Opt for Hodl

BlockBeats News, January 13th, according to the analysis firm XWIN Research Japan, the U.S. Senate Banking Committee will review a crypto bill named the "CLARITY Act" on January 15th. This review should not be seen as a short-term price catalyst, but as a potential turning point for Bitcoin's status within the U.S. regulatory system. Despite relatively stable prices, on-chain data has already shown a shift in market behavior.

CEX net flow is a key signal. During regulatory uncertainty, Bitcoin typically flows into CEXs as investors prepare to sell. However, such inflows remain limited ahead of the "CLARITY Act" discussion. This indicates that market participants do not see the legislative process as an event requiring an immediate risk-off approach. The SOPR (Spent Output Profit Ratio) also confirms this.

In conclusion, these indicators suggest that the market is not in a defensive state but is maintaining patience. Investors seem to not be frequently rotating positions but rather choosing to hold Bitcoin, awaiting regulatory clarity. Their holding period is extending. The significance of the "CLARITY Act" goes far beyond policy debates. It could be a potential milestone for Bitcoin to integrate as a regulated digital commodity into the U.S. financial system. On-chain data has already reflected this shift: before any major price swings, Bitcoin's "stickiness" is increasing, indicating a shift in its transactional mode from speculative to institutional-grade holding.