Based on 528btc, Markus Thielen, founder of 10x Research, warned that Bitcoin could fall by 60% during the 2026 U.S. midterm election cycle. Thielen cited historical patterns of Bitcoin sell-offs during past midterms, along with weakening institutional flows and bearish on-chain signals, as potential triggers for a sharp decline. He noted that Bitcoin has historically dropped about 60% during such periods, unless a deflationary environment and a dovish Federal Reserve emerge, which could be influenced by a new Fed chair.
10x Research Founder Warns Bitcoin Could Drop 60% Amid 2026 U.S. Midterm Elections
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