Exchange Report: Bitcoin Drops Over 30% in a Single Month, Bottom Remains Elusive

According to ChainCatcher, the latest report from a certain exchange Alpha indicates that bitcoin has dropped by 30.6% over the past month, surpassing the 24% decline seen during the 2024 consolidation phase, and the bottom remains elusive.

Short-term holders are typically the group most sensitive to price fluctuations, and their selling speed has reached the highest level since the FTX collapse in 2022. In addition, the total amount of liquidations across the network has surged again, with large-scale deleveraging highlighting the immense pressure faced by the perpetual contract market. Seasonal factors are usually reliable indicators, but this time they have failed to play a role. Although bitcoin's average fourth-quarter increase over the past decade has reached 40%, the current decline in November has reached 21.3%, and October even recorded its first monthly loss in seven years.