Bitcoin - Bitcoin Left Behind the Stock Market!?Bitcoin is in its descending channel on the four-hour timeframe, between the EMA50 and EMA200. In case of an upward correction towards the specified supply zone, it is possible to sell Bitcoin with a better risk-reward.
It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy in the demand range.
A group of U.S. lawmakers has called on the Securities and Exchange Commission (SEC) to enforce an executive order issued by President Donald Trump that opens the door for cryptocurrency investments within the $12.5 trillion 401(k) retirement fund market. Signed in August, the order authorizes 401(k) plans to offer cryptocurrencies as a new investment option.
Members of the House Financial Services Committee, in a formal letter, praised the order for its potential to help Americans boost their retirement savings. They urged the SEC to work with the Department of Labor to update existing rules and guidelines, with the aim of enabling millions of Americans to gain access to such investment opportunities for their retirement.
The letter further stated: “We also ask the SEC to review the bipartisan bills currently advancing in the 119th Congress regarding accredited investors. We hope these measures will allow the 90 million Americans who are currently excluded from alternative investments to secure a more dignified and comfortable retirement.”
Meanwhile, the Senate Finance Committee announced that it will hold a hearing this week on the issue of digital asset taxation, as industry stakeholders continue to press for greater clarity in federal regulations.
According to Committee Chairman Mike Crapo, the session—titled “Examining the Taxation of Digital Assets”—is scheduled for October 1. The official notice confirmed that Lawrence Zlatkin, Vice President of Tax at Coinbase, and Jason Somensatto, Policy Director at Coin Center, will testify at the hearing.
The committee had earlier invited public comments on how existing tax laws should apply to digital assets and whether new legislative frameworks are needed. The upcoming session is expected to draw heavily on the recommendations of the White House Digital Asset Working Group, which urged lawmakers to recognize cryptocurrencies as a distinct asset class and establish tailored tax rules separate from those applied to commodities and securities.
From a market perspective, liquidation heatmaps in the futures market highlight clusters of leveraged positions at key levels. When the price fell between $114,000 and $112,000, a wave of long liquidations occurred simultaneously, leading to heavy wipeouts and accelerating the downward momentum.
Risk pockets remain around the $117,000 level, making both sides of the market vulnerable to liquidity-driven volatility. Without strong demand at these levels, fragility persists, increasing the likelihood of another sharp downward move.
