TechFlow news, November 24 — the latest Bitfinex Alpha report indicates that Bitcoin has fallen 30.6% over the past month, exceeding the 24% decline seen during the 2024 consolidation phase, with the bottom still elusive. Short-term holders, typically the most price-sensitive group, are selling at the fastest pace since the FTX collapse in 2022. Additionally, total liquidated amounts across the network have risen again, highlighting significant pressure in the perpetual futures market due to widespread deleveraging. Seasonal factors, usually reliable indicators, have failed this time—despite Bitcoin’s average fourth-quarter gain of 40% over the past decade, it has already declined 21.3% in November, while October marked the first monthly loss in seven years.
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