Short-term Bitcoin holders — STHs in the jargon — have seen their realized capitalization drop nearly 62% from its peak back in October 2025. Whether the market consolidates here or takes another leg down is unclear — Darkfost didn’t give a definitive call, and that’s probably honest. More context: Bitcoin ETFs Pull In $32.1 Million as Price Slips Under $64,000What’s clear is that the broader ETF sector isn’t moving in lockstep. Which Bitcoin ETF posted the biggest inflows recently? Per analyst Darkfost, short-term Bitcoin holder realized capitalization is down nearly 62% from its October 2025 peak.