Summary
- Bitcoin (BTC)'s weekly returns fell to the lowest level of the year over the past week.
- Analyst CryptoDan analyzed that Bitcoin is having the second worst November on record this year.
- He stated that although selling pressure continues, recovery patterns centered on long-term holders have been repeated.
The leading virtual asset (cryptocurrency), Bitcoin (BTC), appears to be having its worst week of the year.
On the 21st (Korean time), cryptocurrency analyst CryptoDan said on X (formerly Twitter) that "this year Bitcoin is experiencing the second worst November on record," and analyzed that "in terms of weekly gains, it is the lowest level of the year."
CryptoDan added, "This correction may be an unexpected phase, but it is a natural phenomenon seen in long-term cycles," and "the market continues to face selling pressure, but recovery patterns centered on long-term holders have repeated."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
