Bitcoin’s 35% Drawdown Is Shallower Than Three Earlier Cycles

Bitcoin’s decline from its October 2025 record was shallower than losses seen after three earlier peaks at the same point, even as peak timing stayed close to past post-halving intervals. The record above $126,000 came on Oct. 6, 2025. By Oct. 22, 2026, 381 days later, Bitcoin was roughly 35% below that high. At the same elapsed point after peaks in 2013, 2017 and 2021, Bitcoin had fallen about 72%, 80% and 76%, respectively. These figures compare each decline from its peak, not the cycle’s eventual bottom. Peak timing produced a tighter range. Using UTC calendar dates, the Oct.