OPN Intel · Drawdowns
Drawdowns & recoveries
How far Bitcoin has fallen from each all-time high, and how long it took to climb back. The chart is the underwater curve — percent below the running peak, every day of its life. Drawdowns this deep are the normal cost of the ride, not an anomaly — but the past recovering says nothing about whether the next one will.
Today · from the $124,824 ATH
−38%
Bitcoin set its last all-time high Oct 2025 (328 days ago). That puts today inside a major drawdown — deep company, historically. For scale, the deepest on record was −93% in Nov 2011.
percent below the running all-time high · hover for any day
Every major drawdown
Falls of 40% or more, deepest first. “Recovery” is the time from the trough back to a new all-time high.
| Depth | Peak | Trough | Time down | Recovery |
|---|---|---|---|---|
| −93% | Jun 2011 · $29.03 | Nov 2011 · $2.11 | 163d | 1.3y |
| −85% | Dec 2013 · $1,135 | Jan 2015 · $175.64 | 1.1y | 2.1y |
| −84% | Dec 2017 · $19,641 | Dec 2018 · $3,185 | 364d | 2.0y |
| −77% | Nov 2021 · $67,542 | Nov 2022 · $15,758 | 1.0y | 1.3y |
| −71% | Apr 2013 · $230.68 | Jul 2013 · $66.34 | 88d | 122d |
| −53% | Oct 2025 · $124,824 | Jun 2026 · $58,532 | 267d | ongoing |
| −53% | Apr 2021 · $63,446 | Jul 2021 · $29,767 | 98d | 91d |
Four separate times Bitcoin has fallen more than 75% and gone on to a new high. That it always has is survivorship, not a law — recovery has never been guaranteed, and past bears don’t bound the next one.