US MIDTERMS: BTC HOLDS $77,000 AS AMERICA VOTES
🗳️ Election: Americans vote for all House seats and 35 Senate seats. Polymarket and Kalshi price a Democratic sweep of both chambers at roughly 75-78%, but that is market pricing, not a result.
📊 Bitcoin: BTC trades around $77,000, briefly dipping below and wiping over $100M in longs within an hour. Total liquidations over 24 hours neared $396M, mostly longs.
📜 Crypto law: The outcome could decide the fate of the CLARITY Act, the bill splitting crypto oversight between the SEC and CFTC, blocked in the Senate in September.
📈 History: Since 2010, Bitcoin has gained an average of 63% in the 12 months after a midterm election. Jamie Coutts says BTC must hold $70,000 to keep the bull case alive.
💬 Comment: Tonight's volatility is the price of uncertainty, not a verdict on trend. History favors buyers after midterms, but the market must get through count night first.
$BTC $ZEC $HYPE
🗳️ Election: Americans vote for all House seats and 35 Senate seats. Polymarket and Kalshi price a Democratic sweep of both chambers at roughly 75-78%, but that is market pricing, not a result.
📊 Bitcoin: BTC trades around $77,000, briefly dipping below and wiping over $100M in longs within an hour. Total liquidations over 24 hours neared $396M, mostly longs.
📜 Crypto law: The outcome could decide the fate of the CLARITY Act, the bill splitting crypto oversight between the SEC and CFTC, blocked in the Senate in September.
📈 History: Since 2010, Bitcoin has gained an average of 63% in the 12 months after a midterm election. Jamie Coutts says BTC must hold $70,000 to keep the bull case alive.
💬 Comment: Tonight's volatility is the price of uncertainty, not a verdict on trend. History favors buyers after midterms, but the market must get through count night first.
$BTC $ZEC $HYPE
