Bitcoin’s Midterm Election ‘Curse’ Fuels Crash Fears Ahead of November Vote
BTC when published $79,691Now $80,577 ▲ +1.11% since it was published
Bitcoin’s midterm election ‘curse’ has resurfaced ahead of November 3, after analyst Ali Martinez documented four declines surrounding U.S. votes. The comparison renewed crash concerns, although it provides no evidence that elections caused the losses. In an October 24 post, Martinez reported drawdowns of 72% in 2010, 65% in 2014, 52% in 2018, and 27% in 2022. His figures describe declines around election cycles rather than annual returns, a distinction essential to the pattern. Meanwhile, BTC entered the countdown above its July low but near support. The price analysis involves both historical returns and institutional positioning, not simply the election calendar. The BTC drawdowns span different market conditions. Binance Research calculated annual losses of 56% in 2014, 73% in 2018, and 64% in 2022.
First reported by Blockonomi. This page is a short excerpt; the full text is theirs.
