TechFlow News, June 26: CryptoQuant analyst Zizcrypto stated that data shows the Bitcoin Short-Term Holder Realized Price YoY indicator—having turned negative in mid-March—has continued weakening, 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.
Historically, deeper adjustment phases typically correspond to the -55% to -65% range; thus, while the current level has clearly deteriorated, it has not yet reached prior deep-reset ranges. Overall, the weakening trend since March continues, and no stronger signs of recovery in short-term holders’ cost-basis momentum have emerged.
