BTC is down 11% from its peak! Could the U.S. midterm elections bring an absolute bottom? ☠️ @Polymarket assigns a 77% probability to Democrats winning both chambers, suggesting future CLARITY developments may not be optimistic. Notable parallels with the last midterm election (2022) include the Fed funds rate at 3.75%–4% and the occurrence of a major crypto exchange collapse (FTX in 2022). Crucially, after the sharp declines following the 2018 and 2022 midterm elections, BTC reached absolute bottoms—and never returned to those levels. 1️⃣ 2018/11/6 Midterm Election (Trump administration): Monthly drop of 50% 📉; 6 months after the low: +335% 2️⃣ 2022/11/8 Midterm Election (Biden administration): Two-day drop of 24.5% 📉; 12 months after the low: +127%