BTC ATH Drawdown had been long overdue for a correctionBitcoin: The percent drawdown of the asset's price from the previous all-time highGLASSNODE:BTC_ATHDRAWDOWNSeeweedIf we measure the time when ATH drawdown was at at the top for the past cycles, we average around 50 bars, with the previous cycle spanning 57 bars. While it makes sense that new cycles may experience longer bull-runs with increased societal acceptance and institutional stability in play, BTC spanned almost at 90 bars at the top of this cycle before capitulation. I don't see any way a new ATH is possible until the next cycle.