Preparing for a Post-CLARITY Crash? Whale Opens Massive BTC, ETH, and ZEC Shorts

The trader has maintained a perfect track record so far. The landmark crypto legislation, the CLARITY Act, will face a crucial vote in the US Senate later today (September 15) and could trigger significant volatility across the digital asset sector. The vote itself doesn’t mean that the bill will be enacted, but it could pave the way for formal discussion. However, Democrats don’t seem thrilled by the proposed framework and keep insisting on additional changes, significantly reducing the CLARITY Act’s chances of being signed into law before the end of the year. That said, some crypto traders have started preparing for the possible impact. Brace for a Collapse? X user Max Crypto revealed that an anonymous whale has opened a $47 million short position on Bitcoin (BTC), a $22 million short on Ethereum (ETH), and a $4 million short on Zcash (ZEC) ahead of the vote. What’s interesting is that the market participant has made almost 2,300 trades so far and has a 100% win rate. Of course, such a successful streak has caused Max Crypto to wonder whether the whale is an “insider,” with many others sharing the same theory. Numerous analysts expect the legislation to be rejected today and proj...