Bitcoin bottomed after the US midterm elections in 2018 and 2022 — and the great Bitcoin crash of November 2026 looks like history repeating. Bitcoin plunged more than $10,000 this week, and is currently trading at $65,116 for a 12.4% loss.
According to Anchorage Digital researcher David Lawant, the call is coming from inside the house. “BTC sell pressure continues to come primarily from the U.S,” he noted, positing a chart highlighting showing continued heavy net taker sell flow primarily on Coinbase compared with overseas exchanges.
The US spot Bitcoin ETFs have seen heavy outflows, losing $2.35 billion over the past two weeks, and influencer Axel Bitblaze noted that Bitcoin fell after the US open on all but two of the past fifteen days.
Source: Anchorage Digital
Binance founder Changpeng Zhao also rebuffed the idea that Binance is behind the crash. “No, Binance did not sell crypto. I bought crypto in the past few days,”…
