Bitcoin is on track for its weakest November since 2018, as monthly price action remains broadly negative across major exchanges.

Market trend

Throughout November, bitcoin has experienced sustained losses that have made this month the weakest in several years and drawn attention from traders.

Historical pattern

Historical pattern is notable: in every year when November closed negative, December also finished with a red candle.

Market participants commonly link late-year declines to decreased liquidity, position adjustments and portfolio rebalancing ahead of year-end reporting.

Changes in derivatives open interest, funding rates and spot flows can amplify price moves when participation thins, increasing short-term volatility.

While the sequence of negative Novembers followed by down Decembers has occurred historically, past patterns do not guarantee future results.

Observers should weigh these historical occurrences together with present market structure, liquidity conditions and macroeconomic drivers when assessing short-term risks.