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Europe Leads Bitcoin (BTC) Session Volume as Asia Falls 62%

Tracked exchanges recorded about 1,200 BTC in daily net outflows, while the seven-day measure remained positive.

Updated 2 min read
A commuter checks a phone on a wet street in London’s Canary Wharf financial district / TokenPost.ai (macro)
A commuter checks a phone on a wet street in London’s Canary Wharf financial district / TokenPost.ai (macro)

Coinglass data showed Bitcoin (BTC) volume declined in all three regional sessions Nov. 12, with Europe recording the largest session total and Asia the sharpest drop, offering a snapshot of weaker activity across the reported markets.

Asia's session totaled $182.98 million on Nov. 12, down 62% from $476.75 million on Nov. 11. The U.S. session recorded $408.56 million, a 24% decline from $534.32 million. Europe posted $1 billion, down about 8% from $1.09 billion.

Europe therefore ranked first among the three regional sessions in this comparison, followed by the U.S. and Asia. Those figures establish the ordering of the reported sessions; they do not establish that Europe led all Bitcoin trading.

The latest daily exchange reading showed net outflows of about 1,200 BTC. Coinglass put the combined balance at roughly 2,602,089 BTC on Nov. 13. Across longer periods, exchange balances were up 15,970 BTC over seven days but down 14,679 BTC over 30 days.

The numbers cover separate measures: session volume tracks trading over a regional window, while exchange flow records the net change in BTC balances at monitored platforms. They show that daily and weekly movements differed, while the longer monthly reading remained negative.

Coinbase Pro's 867,823 BTC was the largest reported exchange balance, and its 1,510 BTC daily outflow was also the largest; its seven-day net change was negative by 5,659 BTC. Binance's weekly inflow of 12,984 BTC contrasted with a 291 BTC daily outflow; its balance was 680,828 BTC. Bitfinex ranked third in balances at 430,049 BTC and logged 181 BTC in daily inflows and 988 BTC for the week.

OKX led the listed daily additions with 710 BTC, followed by Bybit at 328 BTC. Gemini had the second-largest daily outflow, at 426 BTC, between Coinbase Pro and Binance.

Coinglass data showed exchange balances fell 1,451 BTC in the 24 hours through Oct. 31, according to an earlier exchange-balance snapshot.

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