Should I adjust position size before Bitcoin above $78,000 as Senate clears Clarity Act yield hurdle, S&P 500 sets new record?

With Bitcoin breaking above 78000 and the S&P 500 making new highs, implied volatility on SPX is likely to remain suppressed. In the ALVH framework this environment favors keeping iron condor position size at or slightly below your normal risk unit. Do not increase size now.

Current VIX near or below 15 signals low edge for short premium. The Clarity Act news adds another catalyst layer that can keep equity volatility pinned for several days. Wider 45-55 delta wings still offer the best risk-adjusted profile in this regime, but the correct action is to reduce contracts per trade by 20-30 percent until VIX clears back above 17 or we see a meaningful pullback in the S&P.

Focus on defined 1.5 to 2.0 times wing width relative to credit received, maintain 35-45 DTE entry, and keep total portfolio risk under 2 percent of capital. Aggressive sizing ahead of potential volatility compression is the fastest way to give back weeks of premium. Stay disciplined, collect smaller consistent edges, and be ready to scale up only after VIX expands.