Bitcoin spot trading volume on major exchanges declined sharply in November, with Binance recording a 21% drop from $198 billion in October to $156 billion. The decline coincided with Bitcoin's 17.5% price correction during the month. Market analyst Darkfost warned that continued weakness could signal deteriorating market conditions and reduced investor confidence.

The altcoin market displays potential bottom signals amid Bitcoin's consolidation phase. Open Interest across non-BTC/ETH assets climbed 1.85% to $17 billion. A trader opened a $300 million leveraged position across ETH, XRP, and HYPE, currently facing $20.64 million in unrealized losses.

Bitcoin traded around $89,000 as market analysts described the recent price decline as typical cycle behavior rather than a bearish reversal. Bloomberg ETF analyst Eric Balchunas noted the asset only retraced excess gains from 2024's 122% rally, maintaining its long-term growth trajectory. Data showed US-driven selling pressure initiated the December decline, which has since reversed.

A blockchain metric known as 'liveliness' is trending upward even as Bitcoin prices remain stagnant, data show. The indicator measures the ratio of coins being transacted relative to those held, weighted by age, and its rise historically aligns with bull market activity. Analysts note that dormant coins are moving at unprecedented scale, signaling a major capital rotation that may indicate the current cycle has not yet concluded.

South Korea is advancing regulations to hold major cryptocurrency exchanges to bank-level liability standards following a November 27 hack at Upbit that resulted in $30.1 million in losses. The Financial Services Commission is reviewing provisions that would require platforms to compensate users for security breaches and system failures regardless of fault. The proposed framework mirrors existing rules applied to traditional banks under the country's electronic financial transactions law.

More than 100 publicly traded companies that adopted cryptocurrency treasury strategies have seen their stock prices fall 43% this year, while Bitcoin itself declined only 7%, Bloomberg data show. These firms raised over $45 billion through convertible bonds and preferred shares to purchase digital assets, but now face fixed payment obligations on holdings that generate no cash flow.

Veteran trader Peter Brandt has identified potential downside targets for Bitcoin at $81,852 and $59,403. His weekly chart analysis suggests the market may have overpriced anticipated Federal Reserve policy easing before actual rate decisions materialize.

South Korea's Financial Services Commission is developing provisions requiring cryptocurrency exchanges to compensate users for losses from security incidents or system failures, regardless of fault. The proposal follows a November 27 breach at Upbit that resulted in approximately $30.1 million in stolen digital assets. The no-fault compensation framework would mirror obligations currently imposed on traditional financial institutions under existing financial transaction laws.