BITCOIN ALL-TIME HIGH

What does “below the high” measure?

Each daily closing price is compared with the highest price Bitcoin had reached by that date, including prices reached during the day. A reading of −20% means Bitcoin closed one fifth below that record. A day can set a new high and still close below it, so a new record does not always put the line at zero.

Why does the chart use both highs and closes?

The record is the highest price actually reached, even if it held only for a moment. The white price line uses each day’s closing price, one consistent checkpoint per day. The lowest close since the record also uses closes, so it is a different number from the lowest price traded during a day. Since the current record, the lowest close was $58,532 on 30 Jun 2026, while the lowest price traded was $57,740 on 1 Jul 2026.

Why can the line stay below zero for a long time?

An old record stays the reference until a higher price replaces it. Price can climb for months and still sit below that record. A rising line in the Distance from high view means the gap is shrinking, even while the price is still far below its high.

Can old drops tell you where the next low will be?

They show what has already happened. On this chart the deepest close was 83.73% below the record at the time, on 15 Dec 2018. Since the current record, the deepest close has been 53.63% below it, on 30 Jun 2026. Earlier drops give context, but they do not set a minimum fall, a deadline for a recovery or a floor for the next move.

What does the distance from the record tell you?

It is a quick read of the market’s mood. The further the price sits below its record, the more of the people who bought near the top are sitting on losses, and the more ground a new record needs. The latest close is 33.11% below the all-time high.

What has happened after the deepest falls?

When Bitcoin is 50% or more below its record, fear usually runs the market, and people who bought near the top are sitting on big losses. Both earlier cycles fell that far. At the lowest price traded after each high, Bitcoin was 84% below the 2017 high and 78% below the 2021 high. Each of those falls was followed, in time, by a new record. That is a record of what happened, not a promise: an earlier fall sets no timetable for the next record.

What happens when the price is close to the record?

Within about 10% to 20% of the record, people who bought lower are sitting on gains, new buyers tend to arrive, and news coverage picks up. That stretch can last weeks or months before the price either sets a new record or drops away again. On this chart, 768 of the 3,206 daily closes since December 2017 were within 20% of the record at the time.

What changes at a new record?

At a new all-time high, everyone who owns Bitcoin is in profit, so nobody is waiting to sell once they break even. That can let the price climb quickly. It also draws in late buyers chasing the move, and they can push the price to a short-lived peak. The current record, $126,236, was reached on 6 Oct 2025.