How far bitcoin trades below its highest price to date, every day since 2013.
-39.2% on Nov 6, 2026, against -17.6% a year earlier.
Zero means bitcoin closed at a new record that day; −50% means it was worth half its best price so far. Every cycle has had a deep one — more than 80% in 2015 and 2018, about 77% in 2022 — and every one of them was eventually made back in full.
For a miner, a drawdown is the cheapest time to accumulate: hashprice and machine prices fall with it, while the coins mined keep their full count.
Below all-time high, month by month
Month
Below all-time high
Dec 2025
-29.2%
Jan 2026
-34.5%
Feb 2026
-47.6%
Mar 2026
-45.9%
Apr 2026
-38.9%
May 2026
-40.8%
Jun 2026
-52.6%
Jul 2026
-48.9%
Aug 2026
-37.1%
Sep 2026
-32.8%
Oct 2026
-38.0%
Nov 2026
-39.2%
Questions
What is distance from the all-time high today?
-39.2% as of November 6, 2026, up 25.4% over the last 30 days.
How has it changed over the past year?
A year ago it was -17.6%; today it is -39.2%, a change of +122.4%.
How is this chart calculated?
Zero means bitcoin closed at a new record that day; −50% means it was worth half its best price so far. Every cycle has had a deep one — more than 80% in 2015 and 2018, about 77% in 2022 — and every one of them was eventually made back in full.
Data: CSV · JSON. Embed: <iframe src="https://firsthandbitcoin.com/embed/drawdown" width="100%" height="420"></iframe>. Free to reuse with a link to this page.