Long positions worth about $571 million were force-closed across crypto derivatives exchanges after the Clarity Act failed a 49-50 procedural vote in the U.S. Senate, with bitcoin and ether longs taking roughly $190 million of the damage each. The $571 million tally, per data tracker CoinGlass, was the largest single-session long liquidation since Aug. 22.

Bearish bets accounted for only about $100 million of the total, leaving roughly six dollars long for every dollar short caught in the cascade. XRP longs lost about $30 million and Solana longs about $22 million, lines that matched analysts’ pre-vote calls that ether and DeFi tokens would outperform bitcoin if the bill cleared. Bitcoin sat inside its recent range at about $75,700 after…