Bitcoin Experiences Mid-Cycle Correction but Analysts Urge Caution Against Declaring Bear Market
On November 14, 2025, Bitcoin hovered around $95,390, marking a 2.8% decline on the day and a 7.5% drop over the past week, with prices earlier falling below $95,000. This movement followed Bitcoin slipping below $100,000 for the third time in a month, a level last breached in May. Daily liquidations exceeded $1 billion as the cryptocurrency experienced this downturn.
Analysts interpret this drop as part of a mid-cycle correction rather than the onset of a bear market, noting that key capitulation signals have yet to appear. Short-term holder realized losses, which historically between 20% to 40% indicate panic peaks, have not reached levels that denote capitulation. While views on the timing of a bear market vary among analysts, some, including Pepperstone, caution about near-term risks but also see potential for new highs if investor sentiment improves.
Market dynamics include a shift in Federal Reserve expectations. The CME FedWatch indicates a 56.4% probability of no rate change in December, contrasting with a 94% chance of a rate cut a month prior. Analysts also highlight a macro rotation and the cryptocurrency’s negative skew relative to equities, suggesting crypto is currently more affected than traditional equities.
Bitcoin had previously tested and defended the $100,000 mark twice before breaking below it during this correction phase.
