Deep Tide TechFlow news, on December 15, CryptoQuant analyst Axel Adler Jr stated on social media that the Bitcoin market is in a correction phase, down 30% from its historical peak. Two on-chain indicators—the Short-Term Holder Spending Profit and Loss Ratio (STH SOPR) and the Profit and Loss Block (P/L Block)—show that market participants are realizing losses, and market sentiment is deteriorating. Short-term holders are exhibiting capitulation behavior, and the current market is facing localized pressure.