Washington votes. Wall Street sells. Which one moves Bitcoin more?

Policy headlines can shift expectations around taxes, market structure, custody, and institutional access. But the vote itself does not guarantee lasting demand.

Actual fund flows may matter more. Watch spot ETF net flows, funding rates, open interest, and whether BTC holds its recent range after the vote.

If Washington delivers a market-friendly outcome while ETFs keep bleeding, the marginal buyer may still be missing. If flows turn positive during political uncertainty, dip demand is likely outweighing headline fear.

The key signal is whether price confirms the narrative. A positive headline that fails to lift BTC is a warning. A sell-off that quickly reverses on strong inflows suggests traders are treating the vote as noise, not a regime change.