According to data from Coinglass, Bitcoin’s November return is currently -6.55%. This performance is well below BTC’s average November return of +42.49% since 2013.
Data shows that November has historically been a strong month for Bitcoin. Bitcoin has risen in November in eight of the past 12 years, but has fallen in just four years. The median November return for this period was calculated to be +8.81%.
In contrast, performance in November 2025 remains in negative territory and deviates from historical trends. Market analysts attribute this weak performance to uncertainty surrounding the Federal Reserve’s interest rate policy, the U.S. government shutdown, and early selling by some Bitcoin whales.
November 2024 was also very strong, with Bitcoin returning +37.29%. The previous year, November 2023, saw a more moderate but still positive closing price of +8.81%. On the other hand, November 2022 ended with a -16.23% decline, November 2021 with a -7.11% decline, and November 2019 with a -17.27% decline. The largest drop in November was in 2018, with a -36.57% drop.
There were some quiet years during this period. November 2016, November 2015, and November 2014, which ended with gains of +5.42%, +19.27%, and +12.82%, are among the examples where November performance was close to the historical average.
*This is not investment advice.