TechFlow news, June 19 — According to CryptoQuant analyst burakkesmeci, Bitcoin's price has climbed to approximately $104,000, but the altcoin market continues to underperform. The "1-Year Cumulative Bid-Ask Divergence" indicator (excluding BTC and ETH) is currently at -$36 billion, indicating extremely low investor activity in altcoins. The indicator has been declining continuously since turning negative from positive in December 2024, suggesting that despite Bitcoin being in a bull market, the altcoin market remains in a "winter" state. Analysts believe that until this indicator begins to recover, a broad altcoin bull market may still be pending.
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