[Analyst: Bitcoin May See Deeper Correction if It Falls Below Short-Term Holder Cost of $106,000] BlockBeats News, August 21, CryptoQuant analyst Axel Adler Jr stated in an article that Bitcoin has been continuously retreating from its historical high. The one-year MVRV Z-Score has fallen back to near neutral, currently slightly below zero, indicating that unrealized profits on the network have been compressed compared to the one-year average level, with more supply at breakeven or in a loss state. The key support level for Bitcoin is the realized price of $106,000 for short-term holders. If the price falls below $106,000, short-term holders will, on the whole, be in a loss position, and the market faces the risk of a deeper correction. A recovery signal would be the Z-Score consistently rising above zero, along with the price reclaiming the $118,000 level.