šØ šØš¦ š š¶š±šš²šæšŗ šš¹š²š°šš¶š¼š» š¦šµš¼š°šø & $šš§š š š®šæšøš²š ššæš²š®šøš±š¼šš» ššŗšø
Democrats just swept BOTH the US House & Senate (CNN/NBC projections), yet $BTC absorbed the shock and bounced right back to $š³š³,š³š¬š¬+! Here is the real data you need today: š
š. š§šµš² šš¹š²š°šš¶š¼š» š„š²ššš¹šš & ššæšš½šš¼ ššŗš½š®š°š šļø
ā¢ šš²šŗš¼š°šæš®šš¶š° š¦šš²š²š½: Dems flipped the Senate (winning OH, TX, SC, KS, IA, ME) and retook the House.
ā¢ šš®š¶šæššµš®šøš²'š $šš³š²š š§š²šš: Crypto PACs spent ~$176M (including ~$50M against crypto-critic Sherrod Brown in Ohio), yet Brown defeated Jon Husted to reclaim his Senate seat.
ā¢ š„š²š“šš¹š®šš¼šæš ššæš¶š±š¹š¼š°šø: Expect a 2-year freeze on the šššš„šš§š¬ šš°š, tougher confirmations for SEC/CFTC nominees, and House probes into Trump's crypto ties.
š®. šš§š š¢ššš³š¹š¼šš šš. š¦šŗš®šæš š š¼š»š²š ššÆšš¼šæš½šš¶š¼š» šø
ā¢ š£šæš²-šš¹š²š°šš¶š¼š» šš²-š„š¶ššøš¶š»š“: US Spot BTC ETFs saw -$šÆšµš“.š²š in net outflows yesterday (BlackRock IBIT's biggest outflow since June), while ETH ETFs lost -$ššÆšµ.š³š (-$635M weekly outflow).
ā¢ š¦š²š¹š¹š²šæ šš šµš®šššš¶š¼š»: Despite -$398.6M ETF outflows and a bearish election headline for crypto lobbying, bears couldn't even keep $BTC below $76K for an hour!
šÆ. š $šš§š š£šæš¶š°š² šš°šš¶š¼š» & šš²š šš²šš²š¹š:
ā¢ šš¹š²š°šš¶š¼š» š”š¶š“šµš š¦šš²š²š½: As Senate flips were called, BTC wicked down -2.08% to $š³š±,š³š®š“, sweeping leveraged longs below $76K.
⢠š©-š¦šµš®š½š² š„š²š°š¹š®š¶šŗ: Smart money aggressively bought the dip, pushing BTC straight back to $š³š³,š³š¬š° (high of $77,804).
ā¢ šš²š šš²šš²š¹š: Holding $š³š³,šÆš°š± (immediate support) and $š³š²,ššµš± (weekly floor). A clean breakout above $š³š“,š®š¬š¬ā$š³š“,šÆš®šµ triggers a squeeze toward $š“š¬,šÆš“š“ -> $š“š®,š®š±šÆ! šÆ
š” šš¶ššš¼šæš¶š°š®š¹ šš¹š½šµš®: Since 1950, the S&P 500 has rallied in the 12 months after midterms ššµ š¼šš š¼š³ ššµ šš¶šŗš²š (100%), and $BTC has historically bottomed right around midterm elections.
Did you buy the $75.7K election wick or get shaken out? Drop your take below! š
