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The U.S. midterm elections do not elect the president, yet they attract attention from both the crypto industry and financial markets. On one side, crypto-related PACs invest large sums in congressional elections, supporting candidates they endorse or opposing those they do not; on the other side, the market discusses historical statistics such as "the probability of the U.S. stock market rising about 95% one year after midterms" and "BTC's past bear market lows have all occurred after midterm elections." #美国中期选举在即，哪些结果值得关注？ Why does the crypto industry place such importance on an election that does not choose the president? Can these historical trends be used to predict the next market moves? ❶ Why does crypto heavily invest in midterm elections? The key lies in congressional seats. The U.S. midterm elections reelect all 435 House seats and about one-third of the Senate seats. The election results may change the majority party in both chambers of Congress, and legislative issues related to digital asset market structure and taxation are closely tied to Congress. Therefore, for the crypto industry, the midterms are not only about the victory or defeat of individual candidates but also affect the future composition of Congress and the legislative environment. 📌 According to CoinDesk, before the election, the combined election-related spending of three major crypto industry super PACs was about $170 million, including approximately $154 million spent by Fairshake and its affiliated organizations. These funds are used for election activities such as advertising, mail, and text messages to support or oppose different congressional candidates. Therefore, what deserves attention is not