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Bitcoin cycle analysis

How far is Bitcoin below its all-time high?

Right now Bitcoin is -32.6% below its all-time high of 124,777 dollars, set on 6 October 2025. The deepest point of this cycle so far came 267 days after that top. Every number here is counted from our own archive of daily prices since 2010, and the page makes no forecast.

Below the all-time high
-32.6%
price of 25 September 2026, 84,039 USD
Days since the top
355
top was 6 October 2025, 124,777 USD

The percentage is recounted every day against one fixed top. Both the top and the price it is measured against are printed with their dates, so the arithmetic can be redone by hand in under a minute.

The deepest point of this cycle so far

Deepest below the top
-53.1%
30 June 2026, 58,534 USD
That was day
267
counted from the top, top day is day zero

That is the lowest daily price in the archive since the top. It is not a claim that it was the bottom. A low only becomes a bottom in hindsight, and this page will keep moving that figure down for as long as the archive gives it a reason to.

we count the drop, not the bottom.

The four cycles, top to deepest point

CycleTopDeepest pointDays to itMax drawdown
2013 to 20154 Dec 2013, 1,13714 Jan 2015, 172406-84.9%
2017 to 201816 Dec 2017, 19,28015 Dec 2018, 3,232364-83.2%
2021 to 20228 Nov 2021, 67,56221 Nov 2022, 15,760378-76.7%
2025 to now6 Oct 2025, 124,77730 Jun 2026, 58,534267-53.1%

The first three rows are finished and will not change. The last row is open: its deepest point is the lowest price so far, and its day count is the distance to that low, not a length anyone can know yet.

The same four, charted

the top -25% -50% -75% -100% 2013 to 2015 -84.9% 2017 to 2018 -83.2% 2021 to 2022 -76.7% 2025 to now -53.1% so far
Deepest fall below the cycle top, measured between daily prices. The bar for the current cycle is the deepest point reached so far, not a finished number.

Today's reading sits at -32.6%, which is above the deepest point of this cycle rather than at it. Both figures are on this page on purpose: the low is the worst it has been, the reading at the top of the page is where it is now.

What this page will not do

It will not tell you whether the low above is the bottom. It will not name a month, a price or a target, here or anywhere else on this site. Three finished cycles are three data points, they differ by 42 days and by eight percentage points of depth, and the market that traded them is not this one.

A drawdown figure is arithmetic about the past. Search this question and most results will hand you a prediction wrapped around the number. That is the part we leave out.

Why other sites show a different number

You will find the all-time high quoted as 126,198 on 6 October 2025. We put the top on the same day and carry a different price. That number is an intraday print from a single exchange, and measuring against it makes every drawdown on this page look about one percentage point shallower. Ours is a full-day price: one number per UTC day, the same number for everyone who looks at the same day.

The same choice moves some dates. An intraday source puts the 2013 top on 30 November 2013; the highest full-day price came four days later, on 4 December. We use the daily series, and we say so rather than leaving you to work out which one you are reading.

How we count

Every historical price on this page comes from PulseHawk's own archive of 5,849 daily Bitcoin prices from 17 August 2010 onward, built from the blockchain.com market price series, which is one cross-exchange price per UTC day rather than one venue's closing trade. The drawdown at the top of the page is measured against the most recent price in our daily market log, which is written every day at 21:23 UTC and is stamped on the page with its own date. A cycle top is the highest daily price before the next cycle's top. The maximum drawdown is the lowest daily price after that top divided by the top, and the day count is calendar days between the two, with the top as day zero.

Nothing on this page is copied from CoinGecko's tables, CoinMarketCap, Bitcoin Magazine or any other site's drawdown page. The two dates under the two big numbers are there so you can check both against any daily chart.

Questions people ask

How far is Bitcoin below its all-time high?

-32.6% as of the price printed at the top of this page, measured against 124,777 dollars on 6 October 2025.

What is Bitcoin's all-time high?

124,777 dollars on 6 October 2025, the highest full-day price in our archive.

How far did it fall in this cycle?

As far as -53.1%, reached on 30 June 2026, day 267 after the top.

How deep were the previous drawdowns?

-84.9%, -83.2% and -76.7% in the three completed cycles. The falls got shallower each time. Whether that continues is not something three points can tell you.

Is this the bottom?

Unknown, and this page does not guess. We count the drop, not the bottom.

Where do the numbers come from?

Our own archive, 5,849 daily prices since 2010, plus our own daily market log for today's figure. Every date is printed next to the number it belongs to.