BTC December U.S. market soars, reversing the decline of November!
Data shows that #BTC performed remarkably during the U.S. trading hours in December, with a cumulative increase of about 8%, far exceeding the -4% levels in Europe and the Asia-Pacific region. By the end of November, U.S. market yields began to recover, clearly indicating that American investors are increasing their holdings, while other regions remain relatively cautious.
Quantitative analyst Frank pointed out that the sharp decline of Bitcoin in November led to a significant drop in the average cost for short-term holders (STH), marking the largest seven-day decline since the FTX collapse in 2022, showing panic selling by high-price buyers.
Strong performance in the U.S. market + adjustments by short-term holders, this December trend is worth paying attention to🔥.
