Golden Finance reported that Bitfinex Alpha reported that despite experiencing some brief turmoil last week, Bitcoin ended November on a high note. BTC experienced its biggest correction since the U.S. election, falling 8.64% to $90,911 during the week before quickly rebounding to set a record monthly closing price of $96,506. At the end of November, Bitcoin ended with a staggering 37.3% gain, making it the second-best month of 2024 so far. This outperformance continues to highlight Bitcoin’s strong momentum, which puts Bitcoin in a strong position heading into December. Historically, December has been a volatile month for Bitcoin, but over the halving years, the asset has returned an average of 38.86%. Given the current bull market dynamics, Bitcoin is poised for further gains, although volatility is likely in the short term. Any short-term pullback is likely to be triggered by ETF outflows and profit-taking by long-term holders (LTH). Interestingly, short-term holders (STH) supply is near its cycle high of 3,282,000 BTC. Historically, the final stages of a bull market begin with STH supply breaking out of the pre-halving cycle high. The shift signals increasing retail participation, but also highlights the market’s reliance on incoming demand to absorb LTH profit-taking, which could see BTC top $100,000 if short-term holder demand can meet long-term holder supply.