Miners deposited over 71K BTC to Binance in November, accelerating profit-taking.
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Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry's most successful traders.
Morgan Stanley's Denny Galindo likens Bitcoin's cycle to the seasons, warning that the market's "fall" phase is a time to secure gains before a downturn.
Bitfinex says macro conditions signal consolidation, but others are optimistic that Bitcoin will gain as usual in November.
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Good news for Bitcoin is that the U.S. government is about to open for business again and locked-up funds will be spent. Inflation figures should be released at ...