Analyst: Year-on-year momentum of realized price for short-term Bitcoin holders has dropped to -24%, indicating continued weak short-term speculative participation.
CryptoQuant analyst Zizcrypto stated that data shows the Bitcoin Short-Term Holder Realized Price Year-on-Year (YoY) indicator has continued to weaken since turning negative in mid-March, falling further from approximately -2.4% to -24% as of June 23. This means the current short-term holder realized price is about 24% lower than it was one year ago, reflecting a continued decline in the momentum of short-term holders’ cost basis and relatively weak speculative participation in the market.
