Bitcoin’s (BTC) Price reached a weekly high of $93500 on January 13th as legislators pushed back the deliberations about the CLARITY Act. This bill is designed to define the crypto market structure within the United States.
Takeaways from the conference:
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Bitcoin is still on the rise despite CLARITY Act’s markup having been pushed back to January.
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SOPR hovered around 1, indicating minimal profit-taking.
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Retail BTC demand remains very low in this rally of recovery, due to the fact that liquidity is still extremely thin.
Bitcoins gain as volatility drops after CLARITY Act delay
Senate committees including Agriculture and Banking have postponed the planned CLARITY Act markups until the last week of January. John Boozman, Chair of the Senate Agriculture Committee, confirmed that this delay was due to unresolved differences over stablecoin incentive programs, DeFi supervision, and agency authority.
The latest delay further dims the chances of a rapid legalization. BTC’s price movement suggests that traders remain unfazed.
Bitcoin has been trading in a narrow range over the last 24 hours. It briefly fell below $91,000, before surging above $93,500 at the New York session. It is notable that there was no aggressive selling in the CLARITY Act delays, unlike previous regulatory fears when trading volumes soared.
The netflows of the exchanges have remained muted this time, suggesting that investors do not expect a sudden downturn. XWIN Research.
This calm is reinforced by the Spent Output-Profit Ratio data. This metric, which hovers at or just below 1 indicates that profit-taking is limited and spending on-chain overall. The market is patient and holders extend their time-horizon instead of rotating capital.
On a larger scale, the CLARITY is increasingly being viewed as a milestone in integration rather than an event with binary risks. Bitcoin has already begun to transition toward a more mainstream model, and this is before the formal adoption of the CLARITY Act. “institutional-grade” Holding profile
Related: Bitcoin ‘OG whales’ sell $286M, but odds of $100K BTC remain high
ETF liquidities and the retail market’s absence dampen optimism
But, there are caveats. Crypto Analyst Darkfost noted The largest ever liquidity withdrawal in Bitcoin spot exchange traded funds (ETFs) Since the all-time October 2025 high, ETFs have received inflows at a price that is now below average. Spot ETFs lost more than $6 billion, although flows have stabilised over the past couple of weeks.
Retail participation is largely non-existent. CryptoQuant data indicates This 30-day BTC buyer demand (between $0 and 10,000) has a deeply negative reading, in stark contrast to previous bull phases.
It appears that the range in which we are currently trading is largely supported by large players. Coinbase’s premium index still hasn’t turned bullish. Market commentator CryptoGodJohn said,
“Biggest indicator to keep an eye on is Coinbase premium. Until we get a positive flow, I don’t think we will see a strong reversal.”
Related: Bitcoin shows resilience amid Powell DOJ probe: Will BTC price hold?
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Source: cointelegraph.com
