About this tool
This tool shows how far Bitcoin's current price sits below its record high, expressed as the gap from that peak. It helps holders and observers gauge where price stands relative to Bitcoin's historical top rather than only its recent moves.
It compares the latest price against the highest price Bitcoin has ever reached and displays the difference, usually as a percentage drawdown from that all-time high. A larger percentage below the peak means a deeper drawdown, and the figure returns toward zero as price approaches a new record.
Frequently asked questions
What does 'all-time high' mean for Bitcoin?
The all-time high is the highest price Bitcoin has ever traded at. It is a reference point for measuring how much price has fallen from its peak or how close it is to setting a new record.
What is a drawdown from the all-time high?
Drawdown is the percentage decline from a peak to the current price. A tracker showing Bitcoin some percentage below its all-time high is describing the size of that decline from the record.
Does being far below the all-time high mean Bitcoin is cheap?
Distance from the peak describes price history, not value, so it is not on its own a signal that an asset is cheap or expensive. Bitcoin has spent long periods well below prior highs, and past peaks do not guarantee future ones.