One of the wildest weeks for markets this year just closed.

US equities got hammered. $BTC broke critical support. Political control in Washington flipped. Here's what actually went down:

1. Democrats seized control of both the House and Senate. Trump no longer has a legislative shield.

2. $3 trillion evaporated from US stocks after a House Democrat floated an AI ban. Worst crash since the 2025 tariff meltdown. Risk-off everywhere.

3. $BTC sliced through its 50-week moving average and fell under $75,000 — first time in nearly 2 months. $1 billion in leveraged longs got liquidated in the carnage.

4. Bitcoin ETFs dumped $1.28 billion worth of $BTC. Largest weekly outflow in 4 months. Institutional money is rotating out fast.

5. Democrats are gearing up to investigate Trump family crypto businesses after reports surfaced claiming $2.3 billion in dealings. Regulatory crosshairs locked.

6. House Democrats are drafting a crypto bill designed to hand the SEC more enforcement power. Expect tighter oversight and slower approvals.

7. White House is reviewing a rule that could let Americans allocate 401(k) retirement funds into $BTC and crypto. If approved, this opens a massive new pool of capital.

8. Coinbase says the incoming Democratic Congress is actually more pro-crypto than the last one. Interesting claim given the regulatory noise.

Political shifts, liquidity drains, and macro fear colliding all at once. This is what regime change looks like in real time.