Bitcoin Down 32% From Record High, but Slump Remains Milder Than Past Bear Markets

Forecast Trend Report by Period

Bitcoin has fallen about 32% in the year since reaching a record high, but both the size of the decline and the length of the correction have been relatively mild compared with past bear markets, according to an analysis.

CoinDesk, a cryptocurrency-focused media outlet, reported on October 6 that Bitcoin rose above $126,000 on October 6, 2025, to set an all-time high. It has since retreated to about $85,453, a drop of roughly 32%.

Compared with previous cycles, the decline has been much smaller. One year after its 2013 peak, Bitcoin was down 69.7%. After the 2017 top, it had fallen 82.3%, and following the 2021 peak, it dropped 74.6%.

The maximum drawdown in the current bear market has also been smaller than in earlier downturns. Bitcoin fell below $59,000 on June 30, leaving it down more than 53% from its peak. In past bear markets, declines from the top ranged from 77% to 85%.