Bitcoin November Return Plunges to -6.55%, Defies 42% Average
Bitcoin November return has plunged to -6.55%, far below its 42% historical average and median gain of 8.8%. This weak Bitcoin November return breaks the seasonal norm of profitable Novembers in eight of the last 12 years. Earlier declines in 2018 (-36.6%) and 2022 (-16.2%) highlight rare downturns. Traders point to Fed rate uncertainty, a looming US government shutdown, whale selling, reduced trading volumes and technical resistance as key drivers. Market sentiment is cautious, underscoring the need for diversified strategies that combine technical and fundamental analysis. Monitoring Fed announcements and whale movements may reveal reversal signals, but a long-term perspective remains crucial.
Bearish
Persistent negative returns in November, combined with macroeconomic uncertainty, reduced volumes and technical resistance, suggest downward pressure on Bitcoin. The decline to -6.55% defies historical seasonal strength, indicating traders’ cautious stance and potential further downside. Short-term sentiment is bearish due to Fed rate concerns and whale sell-offs, while long-term recovery may depend on macro shifts and liquidity restoration.