The content discusses the opposing statements released by the U.S. Congress and the SEC regarding the Bitcoin spot ETF. The Congress expressed support for a regulated Bitcoin ETP, while the SEC stated that the applications for the ETF may be delayed. The sentiment surrounding Bitcoin was positive initially but turned negative with the SEC’s statement. The article also mentions Bitcoin’s social dominance and its price remaining unaffected by these developments. Additionally, it highlights a metric called Coin Days Destroyed (CDD) and mentions increased trading activity and possible upcoming sales. The conclusion states that there is mixed activity in the Bitcoin market, but there is no evidence suggesting a break below the support zone.
AI Sentiment: Negative