Invesco QQQ Trust

Bitcoin has often carved out major bear-market lows shortly after U.S. midterm elections, but the 2026 setup looks different. BTC’s July low and subsequent rebound suggest this cycle may be decoupling from the familiar post-election bottom pattern.

Tokenized stock and ETF trading climbed to a record $11.3 billion in July, rising 288% as demand concentrated heavily in Binance’s QQQB token. Excluding QQQB, tokenized-equity volume was roughly $2.03 billion, about 30% below June’s implied total.