Bitcoin breaks with midterm pattern as July low gives way to 40% rebound
- —BTC's 2026 low of $57,850 came July 1, 125 days before the November 3 midterms
- —By October 22 BTC had recovered to about $81,455, up 40% from the low
- —In 2015, 2018 and 2022 lows followed midterms by 71, 38 and 13 days
- —BTC gained 26% over 90 days versus 3% for QQQ; both fell about 6% in 30 days
Why it matters: The data suggests past midterm weakness tracked bitcoin's own cycle rather than the vote, weakening the election narrative for traders.
Source: Bloomingbit