BlockBeats news: On January 13, according to the research agency XWIN Research Japan, the U.S. Senate Banking Committee will review a cryptocurrency-related bill named the "CLARITY Act" on January 15.This review should not be seen as a short-term price catalyst, but rather as a potential turning point in the status of Bitcoin within the U.S. regulatory framework.Although prices have remained relatively stable, on-chain data has already shown a shift in market behavior.
CEX net flow is a key signal. During periods of regulatory uncertainty, Bitcoin typically flows into CEXs as investors prepare to sell.However, such inflows remained limited before the discussion of the CLARITY Act.This indicates that market participants do not view the legislative process as an event requiring immediate risk avoidance. The SOPR (Spent Output Profit Ratio) also confirms this.
In summary,These indicators suggest that the market is not in a defensive state but rather maintaining patience. Investors appear to be holding onto Bitcoin rather than frequently rotating their positions, waiting for regulatory clarity.Their holding periods are extending. The significance of the CLARITY Act goes far beyond policy debate,It could be a potential milestone for Bitcoin to integrate into the U.S. financial system as a regulated digital commodity.On-chain data has already reflected this shift: before any major price fluctuations, Bitcoin's "stickiness" has been increasing, indicating that its trading dynamics are transitioning from speculative to institutional-level holdings.