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Bitcoin Has Fallen 32% From Its Record High of $126,000 Set One Year Ago

(4 hours ago) · 1 source · Summarized by CryptoBipto

Bitcoin has declined approximately 32% from its all-time high of $126,000, which was reached roughly one year ago in late 2025. The article examines factors including retail leverage and ETF flows that have contributed to the drawdown and the relative resilience compared to previous market cycles.

WHY IT MATTERS

When Bitcoin's price drops significantly from a peak, it is called a "drawdown." Think of it like a stock that hit a record price and then fell — the percentage drop from that peak is the drawdown. Historically, Bitcoin has experienced very large drawdowns of 70% or more after reaching new highs, so a 32% decline is relatively smaller by comparison. This article also highlights the growing role of ETFs — investment products that let people buy exposure to Bitcoin through traditional brokerage accounts — in influencing Bitcoin's price movements. For newcomers, understanding that large price swings are a recurring feature of Bitcoin's history, and that the market's structure is evolving with new financial products, provides important context for how the cryptocurrency market works.

According to a CoinDesk report, Bitcoin reached a record high of $126,000 approximately one year before the article's publication in October 2026, placing the peak around late 2025.

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SOURCES

  • coindesk.com

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BTCBitcoin Price HistoryMarket CyclesETFsRetail Leverage