Worst November Since 2019 Tests Bitcoin Price Ahea

Worst November Since 2019 Tests Bitcoin Price Ahead of December

BTC remained on track to close November down 16.9%, its worst monthly performance since 2019. According to CoinGlass data shared in your source, Bitcoin lost 17.3% in November 2019 and 36.5% in November 2018.

The last negative November came in 2022, when the Bitcoin price fell 16.2% during ongoing market stress.

The steep decline renewed debate about whether historical seasonality still applied. ThatMartiniGuyYT pointed out that Bitcoin historically averaged +4.75% gains during December. He claimed that a “Santa rally” often emerged when volatility spiked ahead of year-end.

While traders debated the impact of seasonality, the data confirmed that BTC rarely ended November with such a deep drawdown. The combination of heavy deleveraging, distressed selling, and weakening technical indicators contributed to shaping the month’s bearish tone.