Regulatory frameworks remain the sword of Damocles hanging over the crypto market. This week, several major jurisdictions are expected to communicate their positions on sensitive issues. The United States, in particular, could provide clarification on the approval of additional spot ETFs<\/strong> or on the regulatory status of certain DeFi protocols<\/strong>.<\/p>\n\n\n\n The impact of a favorable regulatory decision could be immediate and massive<\/strong>. We’ve seen it in the past: A simple positive announcement from the SEC can generate pumps of 10 to 15%<\/strong> within hours for majors like Bitcoin<\/a> and Ethereum<\/a>. Conversely, a restrictive position would inevitably trigger a new sell-off phase, with critical technical supports<\/strong> at risk of breaking down.<\/p>\n\n\n\n Institutional traders<\/strong> have already positioned their conditional orders accordingly. Order books show significant accumulations just below key support levels<\/strong>, while sell walls<\/strong> appear at immediate resistance levels. This technical configuration reveals a widespread expectation of violent price action<\/strong>, regardless of direction.<\/p>\n\n\n\n Europe is not being left behind. The MiCA framework continues its progressive implementation, and several exchange platforms<\/strong> are awaiting clarification on compliance requirements. These decisions will directly influence the liquidity available in European markets<\/strong>.<\/p>\n\n\n\n