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The all-time high is fixed at $126,210 (Oct 6, 2025). Enter a live price for current figures — the market moves 24/7.
Every popular ATH tracker shows a live price and the percentage below the record. Almost none explain the punchline: recovering from a drawdown always takes a bigger percentage gain than the drop that caused it. A 49% fall needs a 96% rally to get back — and a 90% bear market needs a 900% one. This tracker computes that asymmetry for any price, and puts today's drawdown next to every past Bitcoin cycle so you can see how deep — and how long — recoveries have really been.
The short answer
Every Bitcoin all-time high since 2011 — and how long recovery took
Bitcoin has set a major cycle high roughly every four years, each followed by a deep bear market and, eventually, a new record. The pattern of the drawdown depths has been shrinking cycle to cycle — from 94% in 2011 to 77% in 2022 — even as the dollar amounts have grown.
| Cycle peak (ATH) | Peak price | Bear-market low | Max drawdown | Time to next ATH |
|---|---|---|---|---|
| Jun 8, 2011 | ~$32 | Nov 2011 · ~$2.05 | −94% | ~20 months |
| Nov 30, 2013 | ~$1,163 | Jan 2015 · ~$152 | −87% | ~37 months |
| Dec 17, 2017 | ~$19,783 | Dec 2018 · ~$3,122 | −84% | ~35 months |
| Nov 10, 2021 | ~$68,789 | Nov 2022 · ~$15,476 | −77% | ~28 months |
| Mar 14, 2024 | ~$73,750 | — (brief dip) | — | ~7 months |
| Oct 6, 2025 | ~$126,210 | Jun 2026 · ~$62,500* | −50%* | TBD |
*Current cycle is ongoing; the June 2026 low and −50% drawdown are as of writing and may deepen or resolve. Peak and trough prices are approximate closing figures per CoinGecko / CoinMarketCap historical data and CoinDesk reporting. Average maximum drawdown across the four completed cycles (2011, 2013, 2017, 2021): about 85%.
The recovery-math trap most trackers skip
Percentage losses and the gains needed to undo them are not symmetric. Because a drawdown shrinks the base you are recovering from, the required rebound is always larger than the fall — and it grows explosively as the drawdown deepens. This is the single most important number for anyone holding through a bear market, and it is what the calculator above solves for any price.
| Drawdown from ATH | Gain needed to reclaim ATH | Example price (vs $126,210) |
|---|---|---|
| −25% | +33% | $94,658 |
| −49% (today) | +96% | $64,400 |
| −60% | +150% | $50,484 |
| −77% (2022 low) | +335% | $29,028 |
| −84% (2018 low) | +525% | $20,194 |
| −94% (2011 low) | +1,567% | $7,573 |
The formula is simple: if price is d percent below the high, the gain required to get back is 1 ÷ (1 − d) − 1. A 50% loss needs a 100% gain; a 90% loss needs a 900% gain. That asymmetry is why deep bear markets take years to recover even when the eventual percentage rally sounds routine for Bitcoin.
How deep are Bitcoin bear markets?
Drawdown — the peak-to-trough fall — is the honest measure of Bitcoin's downside risk, and it has been brutal in every cycle. But two things have changed over time: the depth has moderated (from 94% to 77% across cycles), and the time spent underwater has, so far, shortened. A useful way to read today's roughly 49% drawdown is that it is shallower than any completed-cycle low — Bitcoin has historically fallen much further before turning. That is context, not a prediction: past cycles do not have to repeat, and a shallower drawdown can either mean the bottom is closer or simply that it has not arrived yet.
Maximum drawdown by Bitcoin cycle
Peak-to-trough fall from each all-time high, with the time it then took to set a new record. The current cycle (gold) is shallower so far than any completed bear market.
- Average completed-cycle drawdown: ~85% peak-to-trough.
- Shallowest completed-cycle drawdown: ~77% (2021–2022).
- Longest recovery to a new ATH: ~37 months (from the 2013 peak).
- Fastest recovery to a new ATH: ~7 months (from the March 2024 peak to October 2025).
Why the all-time high matters
The ATH is more than a trophy number. It is the level above which every holder is in profit — no supply is trapped underwater waiting to sell at break-even — which is why reclaiming a record often unlocks momentum. It also anchors sentiment: "distance from ATH" is one of the most-watched gauges of where a market sits in its cycle, alongside on-chain measures of ownership and lost supply. For context on how many people actually hold BTC and how much is gone for good, see how many people own Bitcoin and how many bitcoins are lost. And because crypto trades 24/7, the "record" can be broken at any hour — unlike equities, which pause; see is the stock market open.
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The days-since-ATH counter is computed live in your browser from the fixed ATH date of October 6, 2025 using the device clock, so it is always current. The drawdown, gain-needed, dollar gap and recovery multiple are calculated from the price you enter against the fixed all-time high of $126,210: drawdown = 1 − price ÷ ATH; gain needed = ATH ÷ price − 1; recovery multiple = ATH ÷ price. The current-price default ($64,400) is a dated anchor as of July 20, 2026 — Bitcoin trades continuously, so replace it with a live quote for exact current figures. Historical cycle peaks, troughs and recovery times are approximate closing figures from CoinGecko and CoinMarketCap historical data, with the 2025 record and the mid-2026 decline per CoinDesk. All computation runs client-side; no price feed is called.
Sources: CoinGecko — Bitcoin, CoinMarketCap — Bitcoin, CoinDesk — Bitcoin price, and BeCoin's own price history. Figures are approximate and for education only — not investment advice. See our disclaimer.