[Renowned Trader: Clarity Act Will Play the Role of Crypto ETFs in the Last Cycle, Bitcoin May Bottom Out Before the Act Passes] BlockBeats News, August 12 — Renowned trader Killa posted that during the last bull market, Bitcoin began recovering from its lows before the rumors and official approval of ETFs, emphasizing that the market often prices in positive news in advance. Therefore, this cycle might be similar. The current 'Clarity Act' (Regulatory Clarity Act) is forming a new narrative. 'If it indeed becomes a catalyst, it is likely to mark the beginning of BTC's first meaningful upward phase after the initial bear market recovery, with the approval itself soon pushing BTC to a new ATH (just like ETF approval did).' Killa, a quantitative trader focused on BTC, accurately predicted the peak of the current bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and switched to long positions during the market-wide downturn on June 5. [Original Link]