Bitcoin’s Midterm Election ‘Curse’ Fuels Crash Fears Ahead of November Vote

TLDR: Ali Martinez identified Bitcoin drawdowns of 72%, 65%, 52%, and 27% across four midterm cycles since 2010. Bitcoin’s past election-cycle losses coincided with Mt. Gox’s fall, a Bitcoin Cash split, and FTX’s collapse. Bitcoin recovered about 40% from its July low near $57,850 to roughly $81,455 by October 22 this year. U.S. spot Bitcoin ETFs recorded $635.6 million in October 22 outflows ahead of the Fed’s October 28 decision. Bitcoin’s midterm election ‘curse’ has resurfaced ahead of November 3, after analyst Ali Martinez documented four declines surrounding U.S. votes .