This November, Bitcoin showed one of its worst performances since 2018.
Data from Presto Research reveals an interesting detail: most of the selling pressure was concentrated during the European session. In the Asian and US markets, price movements remained quite stagnant.
A similar trend was observed throughout November in both BTC and the broader crypto market. It is now clear which region triggered this decline.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
DefiPlaybook
· 12-09 14:02
According to on-chain data from Presto Research, the proportion of sell-offs at European sites is indeed relatively high... Whether this conclusion can explain the entire decline in November still requires further multi-dimensional analysis.
View OriginalReply0
ProtocolRebel
· 12-09 13:59
Europe is causing trouble again? Turns out the reason Bitcoin crashed this month is actually because of Europe, haha.
View OriginalReply0
StableCoinKaren
· 12-09 13:59
Europe is stirring things up again; it's always you guys who make the first move.
View OriginalReply0
GateUser-e87b21ee
· 12-09 13:56
Europe is stirring things up again. Why are they always the first to act?
View OriginalReply0
BlockchainRetirementHome
· 12-09 13:42
Europe is stirring up trouble again—who have they offended this time...
This November, Bitcoin showed one of its worst performances since 2018.
Data from Presto Research reveals an interesting detail: most of the selling pressure was concentrated during the European session. In the Asian and US markets, price movements remained quite stagnant.
A similar trend was observed throughout November in both BTC and the broader crypto market. It is now clear which region triggered this decline.