Bitcoin’s November Plunge: Unexpected Decline Defies Historical Patterns

Bitcoin experienced a surprising 6.5% drop in value during November, defying historical trends and leaving investors wondering what factors are driving this unusual downturn. Data from Coinglass shows Bitcoin’s cumulative performance for the month currently stands at -6.5%, a stark deviation from its typical November behavior. This year’s performance challenges established seasonal patterns that traders often rely upon, prompting questions about whether this is merely a short-term correction or a sign of a new trend in the cryptocurrency market.