Bitcoin has settled back above $90,000 after one of its weakest Novembers since 2018. However, new data shows that the massive selling pressure came almost exclusively from Europe, while markets in the US and Asia remained comparatively stable. This raises important questions for investors regarding market structure, liquidity, and regional capital flows. According to recent time-zone-based analysis from Presto Research, European trading hours were responsible for the majority of the 20–25% drawdowns in BTC and ETH. While Ether lost around 22.7% in November, average returns remained virtually unchanged during the US ... (full story)