Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin is on track to record its second worst monthly performance of the year after falling 17.28% in November. According to CoinGlass data, this puts it just behind February’s 17.39% drop.
Of note, this drop also means that Bitcoin recorded its biggest drop in November since 2022, when it lost 16.23% of its value.
Sponsored
Sponsored
Why Bitcoin Price Stumbled This November
According to data from BeInCrypto, Bitcoin opened November near 110,000 after a volatile October that hit a record high of 126,000 but still… It took about $20 billion off the market value.
Boost sales Donald Trump expands tariffs on China on October 10, causing a broad reassessment of risks in global markets.
The disturbance continued in November, and increased Record the US government shutdown It is complicated by the tight liquidity in traditional markets.
In addition to macroeconomic conditions, BTC has been affected by Decrease in institutional flows.
According to SoSo Value data, BTC exchange-traded funds recorded flows of $3.48 billion in November. This is the second largest monthly flow since the products launched in 2024.
Sponsored
Sponsored
The trend of outflows began quietly in the second half of October. However, it accelerated in November when global markets hit macroeconomic conditions, reducing one of the most sustainable sources of demand for the asset.
At the same time, market pressures have increased thanks Short-term investors surrender.
According to Glassnode data, realized losses for short-term holders increased, with the seven-day daily average rising to $427 million per day. This level is the highest recorded since November 2022.
At that time, the panic selling of Bitcoin took place, resulting in losses similar to those observed in the two main lows of this cycle.
The data suggests that reactive selling, rather than long-term distribution, was the defining pressure point of Bitcoin’s recent decline.
Due to the convergence of these points, the price of BTC fell briefly Seven-month low below $80,000 During the month, before rising again to $90,773 at the time of the report.
This price performance reflects both external pressures and the accumulation of structural pressure in the cryptocurrency market.
