Bitcoin Crowd Goes 'Greedy' On CLARITY Act Win — But The Euphoria May Already Be Priced In

• Santiment said on Friday that Bitcoin sentiment had hit one of its “greediest” levels of 2026 after the Senate Banking Committee advanced the CLARITY Act in a 15-9 bipartisan vote.
• Bitcoin’s bullish-to-bearish commentary ratio climbed to 1.55-to-1, a level Santiment historically associates with short-term market caution.
• Despite the bullish reaction, Senator Ruben Gallego said his committee's support does not “guarantee a vote on the floor.”

Bitcoin (BTC) social sentiment surged to “one of the greediest levels of the year" on Friday after the Senate Banking Committee advanced the CLARITY Act in a bipartisan 15-9 vote, according to Santiment.

The blockchain analytics platform explained that Bitcoin’s positive-to-negative social commentary ratio climbed to roughly 1.55 ‘bullish’ comments for every ‘bearish’ mention across social media, which the firm described as one of the “greediest” crowd readings of the year.

Santiment said similar spikes in optimism have historically appeared near short-term market tops. On April 25, the ratio reached 1.58, slightly higher than Friday's reading, before Bitcoin pulled back in the days that followed. The firm warned that crowd euphoria at these levels often coincides with local peaks rather than sustained long-term rallies.

The firm described progress on the CLARITY Act as structurally bullish for crypto over the longer term, arguing that clearer US rules could draw institutional capital that has stayed on the sidelines. It cautioned, however, that much of that upside could already be "baked in" by the time the bill is officially ruled on.

The contrast between euphoric social sentiment and price action remained divided. The net sentiment has been negative. Bitcoin has bounced back from its April 18 low near $63,000 to trade above $78,000 in May, but negative commentary has dominated daily readings over the past half year.

Bitcoin’s price was trading at $78,012, down 0.6% over the past 24 hours. On Stocktwits, the retail sentiment around BTC moved to ‘bearish’ from the ‘bullish’ zone, while chatter around it stayed in the ‘normal’ levels over the past day.

A Chaotic Senate Push

While the event was met with celebration as a breakthrough moment for digital asset regulation, the legislation’s path forward remained politically fragile. 

Reporting from Crypto In America's Eleanor Terrett ahead of the May 14 markup said that overnight negotiations between Republicans and Democrats had ended without a deal, with last-minute disagreements over revisions to the Blockchain Regulatory Certainty Act (BRCA) — a provision shielding noncustodial software developers from money-transmitter laws — the decisive sticking point.

According to the report, lawmakers were still negotiating minutes before the hearing began, with senators and aides reportedly rushing handwritten amendments and revised materials in real time to secure enough support for the vote. Senator Ruben Gallego, one of the two Democrats who supported the measure in committee, later cautioned that his backing “does not guarantee a vote on the floor.” 

Besides Gallego, Senator Angela Alsobrooks (D-MD) was the only other Democrat who joined Republicans on the final committee vote, well short of the seven Democratic votes that would be needed on the floor to reach the 60-vote filibuster threshold, according to Alex Thorn.

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