Crypto money is hitting the midterms hard again

[Julian Hayes]

Seen the news about Fairshake dropping another 11M to go after Sherrod Brown in Ohio? Honestly, it feels like we’re back in the 2024 playbook. I’ve seen this movie before, and while it’s tempting to get hyped about "crypto-friendly" candidates, the reality of trading these headlines is usually a lesson in patience. Back when the industry first started throwing serious weight behind PACs, I made the mistake of FOMOing into mid-cap alts expecting a massive breakout solely because of a political win. Long story short, the market doesn't always care about a single Senate seat, and I ended up holding bags through a dump while everyone was distracted by the headlines.

If you’re looking at your portfolio, remember that political volatility is a nightmare for short-term scalp setups. These news items cause massive liquidity spikes, and the whales love to bait us into buying the top just before a flush. My advice is to keep your risk management tight and don’t let a press release dictate your entire thesis. I’ve learned the hard way that you can be right about the news and still get liquidated if you’re over-leveraged during the volatility. It’s better to watch the charts and let the noise settle before trying to front-run the legislative outcome. Has anyone else noticed the price action in the Ohio region-specific coins getting weird lately or is it just me?