The record close, how far price sits below it today, and how long the drawdown has lasted.
There are two honest answers to "what is Bitcoin's all-time high", and they differ by thousands of dollars. This page reports the highest daily close in the recorded series. The alternative — the highest price ever printed on any exchange, including a wick that lasted seconds — is a fact about one order book on one venue at one moment. A closing high is a level the entire market held for a full day, which is why every drawdown figure here is measured against it.
The record and its date are computed live from sixteen years of daily closes, not hard-coded, so this page cannot quietly go stale the way a written-in number does.
Distance from the high needs no model, no assumption and no forecast. It is arithmetic on two numbers. Every valuation framework on this site — MVRV Z-Score, the rainbow bands, the Mayer Multiple — asks you to accept something about how Bitcoin should be priced. Drawdown asks you to accept nothing.
Every completed Bitcoin cycle has contained a drawdown of at least 75%: roughly 94% after the 2011 peak, 86% after 2013, 84% after 2017 and 78% after 2021. Those four numbers are the reason a 30% fall reads differently here than it would in an index of large-cap equities.
The same history contains a warning against reading too much into a shallow one. Drawdowns of 30% and more have happened repeatedly inside bull markets without ending them — 2013 and 2017 each contained several, and 2021 had a 53% fall in the middle of a year that ended higher. Depth alone does not tell you which kind you are in.
The "days since" figure is often more informative than the percentage. Recovering a previous peak has historically taken years, not months — about three from the 2013 high, and roughly the same from 2017. A drawdown that is shallow but very old is a different market from one that is deep but three weeks old, and the chart above shows both dimensions at once.
Read more: Every bear market measured — all four drawdowns, in detail, and the four-year cycle.