ETH, ADA, SOL Steady as Timezone Data Shows Europe Drove Deepest Bitcoin Selloff Since 2018

Cryptocurrencies like Bitcoin and Ether stabilized after a significant November downturn, with Bitcoin hovering near $90,400 ahead of a Federal Reserve decision. New timezone-segmented data from Presto Research revealed that European trading sessions were the primary source of the 20–25% drawdowns in BTC and ETH during November, while Asian and US sessions remained largely flat. This regional divergence occurred as the broader crypto market deleveraged amid a cautious macro climate, with traders awaiting the Fed's rate decision. Sentiment remains fragile, evidenced by CryptoQuant’s Bull Score index falling to zero, though potential long-term catalysts like US 401(k) rule changes in 2026 could introduce new liquidity.

(Source：CoinDesk)