Bitcoin’s Triple Whammy: Binance Hack, Tech Crash, and Democratic Sweep

Disclaimer: Your capital is at risk. This is not investment advice.

ByteFolio Issue 232;

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This issue covers Hyperliquid (HYPE), Crypto Exploits, and Prediction Markets.

In a week with a major hack at Binance, a crash in the technology sector, and a Democratic sweep in the midterms, you might think Bitcoin would be on the floor. But it isn’t. It has weathered three major storms, and as the saying goes, what doesn’t kill you makes you stronger.

Bitcoin’s ByteTrend Score drops to a 2 on the daily chart - a very modest pullback given the circumstances.

Bitcoin Daily

Yet it is a resounding 5 on the weeklies. This is a bullish setup.

Bitcoin Weekly

Bitcoin has matched the Nasdaq since 2021. Bitcoin had a worse bear market in 2022 and a bigger bull market in 2025, yet they are in the same place. As Bitcoin becomes a more established asset, its behaviour has become less erratic. Since the tech crash, it has held the line.

Bitcoin in Nasdaq since 2021

Of course, this period saw underwhelming returns for Bitcoin, as it followed 95% in 2019 and 305% in 2020. I see these past five years as a mammoth consolidation period ahead of the next major move.

What’s more, the next cycle is underway. The pull to halving begins soon.