Analyst: This round of Bitcoin sell-off may be a mid-bull market correction, not the beginning of a full-scale bear market

Jinse Finance reported that Bitcoin fell below $95,000 several times on Friday, with a cumulative decline of 7.5% this week. An analyst stated that this round of sell-off appears more like a mid-cycle correction rather than the start of a full-blown bear market, as the current losses have not yet reached the level of "capitulation selling." The market uncertainty stems from changes in investors' expectations regarding Federal Reserve policy: traders now estimate only a 56.4% probability of rates remaining unchanged in December, whereas just a month ago, the market believed there was as much as a 94% chance of a rate cut.