[The crypto market experienced its bleakest November since 2018 last month, with selling pressure mainly coming from the European session] According to CoinDesk, on Tuesday, the cryptocurrency market stabilized after enduring one of its worst Novembers since 2018, with Bitcoin prices hovering around $90,400. Despite this, new data shows that Europe led the selling pressure during the month. The latest hourly data from Presto Research indicates that Europe was the primary driver behind the 20% to 25% drop in Bitcoin and Ethereum prices in November, with average returns across all sessions turning significantly negative. In contrast, the performance during the Asian and U.S. sessions remained relatively flat, reflecting a divergence in capital flows across regions during the crypto deleveraging process. Alongside the market downturn in November, publicly traded crypto stocks also underwent significant position adjustments. Meanwhile, the macroeconomic environment continues to be the main limiting factor affecting cryptocurrency trends.