According to Wu Blockchain, QCP Capital stated that Bitcoin ($BTC) faced a double blow within 48 hours: the procedural vote failure of the U.S. Senate CLARITY Act and the Federal Reserve's interest rate hike. The former caused BTC to drop about 4% to $75,900, followed by a 25 basis point rate hike by the Fed, which briefly pushed BTC back up to $77,000, with approximately $260 million in short positions liquidated. Currently, BTC is hovering around $76,500. The U.S. spot BTC ETF saw net outflows of $450 million and $296 million on September 15 and 16, respectively, but recovered with a net inflow of $159 million on September 17, including $184 million net inflow into IBIT. QCP believes BTC's stabilization reflects that some downside risks have already been priced in. The Fed raised interest rates to 3.75%–4.00%, with Chair Walsh emphasizing that inflation remains too high and refusing to provide forward guidance. Meanwhile, the U.S. SEC introduced a five-year conditional exemption allowing compliant platforms to trade tokenized stocks via permissioned automated market makers, but this does not cover synthetic tokens lacking actual shareholder rights. QCP believes this move could have long-term implications, though its legal durability is weaker compared to formal legislation. https://www.(wublock123.com)/news/btc-stabilizes-after-regulation-rate-hikes-spot-etf-flows-68618