Bitcoin experiences its weakest November since 2018, with selling pressure mainly coming from the European session.
Jinse Finance reported that bitcoin experienced one of its weakest November performances since 2018. Data shows that last month's selling pressure mainly came from the European market, forming a sharp contrast with Asia and the United States. According to Presto Research's time zone data, the major crypto downturn in November was primarily driven by European capital. BTC/ETH fell by about 20–25% during the month, with significant net selling pressure during the European trading session, while the Asian and US sessions remained basically flat.
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