Bitcoin's post-midterm slump looks like its own cycle, not election fallout
- —Post-midterm bottoms: January 2015, December 2018, November 2022 — 71, 38 and 13 days after votes
- —Q4 of midterm years was negative: −16.7% in 2014, −42.16% in 2018, −14.75% in 2022
- —Post-election drawdowns ranged from 27% to 72%
- —Short-term holder cost basis sits near $73,000 with BTC in the low $80,000s
Why it matters: The $73,000 level is the line to watch: a sustained break around the election would signal renewed post-midterm volatility.
Source: Crypto Briefing