10x Research founder warns of 60% Bitcoin drop tied to 2026 US midterms
Key Takeaways
- 10x Research's Markus Thielen predicts a potential 60% Bitcoin drawdown aligned with the 2026 US midterm election cycle.
- Macroeconomic and electoral events could trigger steep corrections in crypto markets, not just traditional financial markets.
Markus Thielen, who leads the digital asset investment research firm 10x Research, has predicted Bitcoin could experience a 60% drawdown tied to the 2026 US midterm election cycle.
Thielen points to past midterm cycles that triggered major Bitcoin selloffs and warns that weakening institutional flows and bearish on-chain signals could amplify downside pressure this time around.
“Bitcoin actually has tended to go down by you know around 60% on average during those years, unless we really come into a period where inflation prints lower, where the Fed becomes really incredibly dovish, which they might become with a new Fed chair,” Thielen noted in a recent interview with CoinDesk.
“The newer wallets are all underwater now by 10%, 20%. And at one point, they just have to sell,” he added.
The research firm specializes in analyzing market trends, derivatives positioning, and funding dynamics for digital assets. Recent studies have linked Bitcoin’s potential downside to unexpected macroeconomic triggers beyond traditional market factors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Navigating the Fluctuations of AI Tokens: Insights Gained from the ChainOpera AI Downturn
- ChainOpera AI's (COAI) 2025 token crash from $44.90 to $0.52 highlights systemic risks in AI-driven crypto projects due to centralized governance and regulatory ambiguity. - The CLARITY Act's regulatory framework created short-term volatility while exposing fragility in AI-linked tokens like algorithmic stablecoins xUSD and deUSD. - Investors must prioritize diversification, technical due diligence (e.g., EY six-pillar model), and compliance tools to mitigate risks in volatile AI crypto markets. - Succes

MMT and the Renewed Interest in Modern Monetary Theory within Policy Discussions
- Modern Monetary Theory (MMT) resurges in policy debates, challenging traditional fiscal rules by prioritizing resource availability and inflation risks over revenue constraints. - U.S. policymakers reject formal MMT adoption but align pragmatically with its principles through infrastructure investments and municipal bond financing. - MMT advocates argue debt sustainability is overstated, while critics warn of inflationary risks and fiscal misallocation in supply-constrained economies. - Global infrastruc

Tether fails with €1.1 billion offer for Juventus Turin

XRP Trades at $2.01 While Support and Resistance Contain Short-Term Movement
