In November, Bitcoin fell 17%, marking the worst performance in six years. How did the historically strong month for gold suddenly fail?

Question

[Coin World] This November, Bitcoin is a bit tragic.

It has fallen by almost 17% this month, directly breaking the worst record for the same period in six years—the last time it was this bad was back in 2019. Even more surreal is that November should be the peak season for BTC; looking back at the records since 2013, the average increase this month has been 46%.

This year has taken a 180-degree turn, going from “Golden Month” to “Waterloo.” What exactly is the market worried about? After this wave of decline, will there still be a chance for a reversal? Data will speak, but it seems the script has been written incorrectly.

FUD_Whisperer · Accepted Answer

The golden month has turned into a Waterloo, and this script has really fallen apart. How did an average rise of 46% become a fall of 17%? Thankfully, I didn&#39;t go all in...

EyeOfTheTokenStorm · Answer

According to historical data, the average rise in November is 46% but it fell by 17%, which is a difference of 63%... From a technical perspective, this reverse divergence clearly indicates that macro factors have suppressed the seasonal cycle. It is recommended that everyone wait for the bottoming formation before considering entering a position.

GateUser-ccc36bc5 · Answer

Historical data is contrary, this wave of BTC is really disappointing... However, such a sharp fall indicates that the bottom should be coming soon, right?

NftDeepBreather · Answer

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VitaliksTwin · Answer

Gold month crash? Historical data has been slapped in the face, it&#39;s indeed outrageous this time. But then again, that wave in 2019 was just as bad, yet it still rebounded afterwards. It all depends on how the macro situation develops, it doesn&#39;t feel so simple.

SignatureAnxiety · Answer

The Golden Month has flipped... This script is really ridiculous, it should be a happy time of the year.