Wall Street has a more immediate influence on Bitcoin than US elections. As the US midterms approach, institutional capital flows are already shaping $BTC price action. Here’s what’s happening: • Major funds have reduced their exposure to Bitcoin ETFs. • Hedge funds have unwound cash-and-carry trades as returns declined. • ETF outflows and weaker risk appetite have added pressure to Bitcoin. The November 3 midterms could influence crypto regulation and the industry's long-term direction. However, institutional buying and selling have a more direct effect on market prices. With $BTC trading around $78K, capital flows, liquidity and investor demand remain key forces behind Bitcoin’s movements. Washington shapes the regulatory environment. Wall Street moves the money.