# Ali Martinez Lists Bitcoin Drawdowns Across Four Midterm Cycles By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/40341 Published: 2026-10-24T23:13:07.000Z Updated: 2026-10-24T23:13:07.000Z Section: Investing > His Oct. 24 post gave declines of 27% to 72% but did not specify the measurement windows. Separate comparisons track fourth-quarter and 12-month returns. Crypto analyst Ali Martinez posted figures Oct. 24 showing Bitcoin (BTC) declines of 72% in 2010, 65% in 2014, 52% in 2018 and 27% in 2022 around U.S. midterm cycles. Martinez called them “Four consecutive cycles of significant downside.” The post did not specify measurement windows, start dates, peaks, troughs or a calculation method. Without those details, the figures do not show whether each cycle uses the same period or establish that the elections caused the declines. Election-year fourth-quarter returns provide a separate comparison: Bitcoin gained 391% in the fourth quarter of 2010, then lost 16.70% in 2014, 42.16% in 2018 and 14.75% in 2022. The [election-year fourth-quarter record]() measures calendar quarters, not declines around election cycles. Separate [12-month returns after the 2014, 2018 and 2022 midterms]() were gains of 24.5%, 44.9% and 92.3%, respectively. Those results cover the year after voting, a different period from Martinez’s election-cycle declines. The Federal Reserve’s rate decision is scheduled for Oct. 28, ahead of Election Day on Nov. 3. ## Links in this article - [election-year fourth-quarter record](https://www.tokenpost.com/news/investing/39439) - [12-month returns after the 2014, 2018 and 2022 midterms](https://www.tokenpost.com/news/investing/28933)