BTC USD News: Crypto’s $571M Leverage Flush After the Senate Vote

The U.S. Senate failed to advance the CLARITY Act on September 15, falling short 49-50 in a procedural cloture vote, and the crypto market’s leveraged bulls paid almost immediately, especially in BTC USD and Ethereum.

Exchanges liquidated roughly $571M in bullish futures positions over the following 24 hours, according to CoinGlass data, with BTC and ETH longs each absorbing approximately $215M of that total. $632.87M liquidated from the crypto market in the past 24 hours.

$526.10M were longs$106.77M were shorts That means around 83% of liquidations came from long positions. A serious leverage flush.

pic.twitter.com/Zuf3ZR7W2A — That Martini Guy ₿ (@MartiniGuyYT) September 16, 2026 Bitcoin traded near $75,800 in the latest CoinGecko snapshot, down about -2% over 24 hours, after Reuters reported the asset fell more than 5% at one stage as the Senate outcome became clear.