Bitfinex report: Bitcoin falls over 30% in a single month, bottom still elusive.

According to a recent report by Bitfinex Alpha, Bitcoin has fallen 30.6% in the past month, exceeding the 24% drop during the consolidation phase in 2024, and the bottom remains elusive. Short-term holders, typically the most sensitive to price volatility, have been selling at the fastest pace since the FTX crash in 2022. Furthermore, total liquidations have risen again, highlighting the immense pressure on the perpetual contract market due to massive deleveraging. Seasonal factors are usually reliable indicators, but this time they have failed to hold true. Despite Bitcoin's average fourth-quarter gain of 40% over the past decade, November has seen a 21.3% drop so far, while October marked its first monthly decline in seven years.