Bitcoin experiences the weakest November since 2018, with selling pressure mainly coming from the European session

Bitcoin experienced one of its weakest November performances since 2018. Data shows that last month's selling pressure primarily came from the European market, in stark contrast to Asia and the United States. Presto Research timezone data indicates that the significant drop in cryptocurrencies in November was mainly driven by European funds. The BTC/ETH decline for the month was about 20-25%, with significant net selling pressure during European trading hours, while Asian and US trading hours remained relatively stable.