Analyst warns U.S. midterm elections could spark 'Bitcoin dump'
- —BTC fell 72%, 65%, 52% and 27% after the 2010, 2014, 2018 and 2022 midterms
- —Q4 returns were mixed: +391% in 2010, -16.7% in 2014, -42.16% in 2018, -14.75% in 2022
- —Martinez flagged the short-term holder cost basis near $73,000 as key support
- —BTC traded at $84,180 on September 29, up 0.55% in 24 hours
Why it matters: Historical post-election seasonality and weak Q4 performance could add selling pressure, making $73,000 a pivotal level for holders.
Source: Finbold