Reading the BTC drawdown chart: remember this one rule for when it ends
A drawdown looking “deep enough” does not mean this cycle is over.
CoinGlass’s BTC drawdown chart states that a drawdown ends only when the price closes back above the previous high. In the chart, since the previous high on October 4, 2025, the maximum drawdown has been about −53.1% (taking about 267 days to bottom), and the status is still Not recovered.
A common misreading is to see that this is “shallower than the roughly −83.4% drawdown after the previous high at the end of 2017” and conclude that this cycle is already over. That’s a way of reading the chart, not a claim that you should buy the dip, that prices will keep falling, or that you should hold a particular price level. Only if the daily close moves back above that previous high will Not recovered change. Do you look at the drawdown’s depth first, or check whether the previous high has been reclaimed?
#回撤读图 #比特币 $BTC
A drawdown looking “deep enough” does not mean this cycle is over.
CoinGlass’s BTC drawdown chart states that a drawdown ends only when the price closes back above the previous high. In the chart, since the previous high on October 4, 2025, the maximum drawdown has been about −53.1% (taking about 267 days to bottom), and the status is still Not recovered.
A common misreading is to see that this is “shallower than the roughly −83.4% drawdown after the previous high at the end of 2017” and conclude that this cycle is already over. That’s a way of reading the chart, not a claim that you should buy the dip, that prices will keep falling, or that you should hold a particular price level. Only if the daily close moves back above that previous high will Not recovered change. Do you look at the drawdown’s depth first, or check whether the previous high has been reclaimed?
#回撤读图 #比特币 $BTC