CryptoQuant: Bitcoin historically rallies after U.S. midterms
- —S&P 500 rose in all 19 twelve-month periods after midterms since 1950, averaging 15.4%
- —Bitcoin gained 24.5%, 44.9% and 92.3% in the year after the 2014, 2018 and 2022 votes
- —BTC dropped 45.5% in the first month after the 2018 midterms
- —U.S. spot Bitcoin ETFs drew $241.1 million in net inflows from Sept 28 to Oct 2
Why it matters: The historical data offers context, but CryptoQuant says sustained Bitcoin gains still hinge on Treasury yields, ETF inflows and progress on the CLARITY Act.
Source: ZyCrypto