A cryptocurrency trader warned that the anticipated rally in the market due to the "Clarity Act" may have already ended. He cited historical experience, pointing out that markets often price in major events long before they occur. Using the launch of Bitcoin and Ethereum ETFs as examples, he noted that prices surged significantly before the related news was announced, followed by a period of stagnation or decline. Although the passage of the bill remains expected, the trader believes that the truly profitable strategy is "buying the rumor" rather than buying the news itself. He also expressed skepticism that institutional investors will ultimately benefit from it and maintained a bearish outlook on Bitcoin's recent price trend.