02:45
Analyst: This round of Bitcoin selling may be a pullback in the mid-term of the bull run, rather than the beginning of a full Bear Market.
Golden Finance reports that Bitcoin fell below $95,000 multiple times on Friday, with a cumulative drop of 7.5% this week. An analyst stated that this round of selling appears more like a pullback in the middle of the cycle rather than the beginning of a full-blown Bear Market, as the current losses have not yet reached the level of "Capitulation dumping."
The uncertainty in the market comes from investors' changing expectations regarding the Federal Reserve's policies: traders now anticipate that the probability of maintaining interest rates in December is only 56.4%, whereas just a month ago, the market believed the probability of a rate cut was as high as 94%.
BTC-1.28%
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