Bitcoin-focused quant trader Killa said the Clarity Act, a bill framed around regulatory clarity for crypto, could become the next narrative catalyst for BTC, arguing that markets usually price in bullish developments before formal approval. He compared the current setup with the previous bull cycle, when Bitcoin began recovering from its lows before ETF rumors and eventual approval, and said a similar pattern now could mark the first meaningful leg higher after BTC's initial bear-market recovery, with approval itself later helping drive a new all-time high. Killa, who said in May 2025 that he had identified this cycle's bull-market top, has more than 200,000 followers on X. He shorted Bitcoin at $74,688 in mid-April and switched to a long position on June 5 during a broad market selloff.