Binance Research has noted that U.S. midterm election years are typically marked by increased market volatility. Historical data indicates that the S&P 500 experiences an average maximum drawdown of about 16%, while Bitcoin sees an average decline of approximately 56% during these periods. However, markets tend to rebound once election results are clear. Past data shows that in the 12 months following midterm elections, the S&P 500 has averaged a 19% increase, and Bitcoin has surged by about 54%.