Drawdown of Bitcoin from its all-time high (ATH), showing how deeply the market has corrected over time. The red bars represent the percentage decline from the peak, while the black line tracks Bitcoin’s actual price movement.

Throughout the period, Bitcoin experiences multiple pullbacks, but the most significant drawdown occurs around early 2026, where losses approach nearly 50% from the ATH. This indicates a strong bearish phase, often driven by market uncertainty, profit-taking, or macroeconomic pressure.

Despite the deep correction, the gradual recovery seen afterward suggests resilience in the market. Historically, such drawdowns are common in crypto cycles and often precede periods of consolidation and eventual upward momentum.