US Bitcoin Session Leads December Returns After Weak November

Recent data indicates that Bitcoin has experienced gains during the US trading session in December, contrasting with the negative trend in November.

Key Observations

The US trading session has shown an 8% positive return for Bitcoin in December.
In contrast, Europe and Asia-Pacific sessions have returns of around -4% or lower.
This suggests active accumulation by American investors, while others may be distributing or not purchasing.

A notable event last month was a significant selloff that affected the Bitcoin short-term holder (STH) realized price. This metric, which measures the average cost basis for recent investors, saw its largest decline since the FTX crash in November 2022. It indicates panic selling at lower prices post-crash.

BTC Price Movement

The current Bitcoin price is approximately $85,800, following a 3.5% drop in the past day.