Historically, Bitcoin price has often wobbled when BTC records significant spikes in Age Consumed appear. If this pattern repeats, the 471% surge recorded in the long-term holders’ in the last 10 days could be a precursor for a BTC price breakdown below $55,000 in the near term.

Bitcoin’s all-time high was on March 14, 2024, trading at $73,835.57 per bitcoin. The lowest intraday price that the crypto traded in the past year was $24,780.17 on June 15, 2023. The original crypto is up by 105.90% year over year.

While the current Bitcoin correction remains in line with historical price corrections, BTC is at risk of falling to $50,000 after losing the average ETF inflow mark at $59,000.

One of the more interesting data points to look at for any asset is the distribution of holders. The distribution can play a large part in the trading dynamics of the asset as well as broader market sentiment.

Bitcoin fell in line with the wider crypto market, with ether and other altcoins also declining. Financial markets have been dogged by risk-off sentiment in the run-up to the Fed's interest-rate decision and press conference later today.