Dated historical fallback in use
The live Stooq request is unavailable, so this page is showing a checked-in Coinbase historical snapshot. The completed 2021–2023 calculation remains available without a live market-data request.
Snapshot checked Jul 26, 2026. Chart points are monthly for the fallback; streak totals were calculated from daily closes.
2017 intraday high (Dec 17, 2017)
Accumulated across 11 separate streaks
Uninterrupted daily closes
Bear Market Cycle Comparison
Rounded peak-to-bottom price comparisons. These are separate from the previous-ATH daily-close streak calculated below.
2014 Cycle
2018 Cycle
2022 Cycle
Key Takeaway
These three selected completed cycles had roughly 77%–85% peak-to-trough declines and later exceeded their prior peaks. That small historical sample does not predict another recovery or its timing.
Daily close vs the previous ATH level
Green is BTCUSD daily close. Red shading marks periods below the 2017 ATH threshold.
Key Events During the Bear Market
Major events that shaped the 2022-2023 crypto bear market and recovery.
Luna / Terra Collapse
The algorithmic stablecoin UST lost its peg, wiping out ~$40B in value and triggering a broader market selloff.
Luna / Terra Collapse
The algorithmic stablecoin UST lost its peg, wiping out ~$40B in value and triggering a broader market selloff.
Celsius & Three Arrows Capital
Celsius froze withdrawals citing extreme market conditions. Shortly after, 3AC was ordered to liquidate after defaulting on loans.
Celsius & Three Arrows Capital
Celsius froze withdrawals citing extreme market conditions. Shortly after, 3AC was ordered to liquidate after defaulting on loans.
Voyager Digital Bankruptcy
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy following 3AC's default on a $650M loan.
Voyager Digital Bankruptcy
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy following 3AC's default on a $650M loan.
FTX Collapse
FTX, the third-largest exchange, filed for bankruptcy amid revelations of misused customer funds, sending BTC to cycle lows.
FTX Collapse
FTX, the third-largest exchange, filed for bankruptcy amid revelations of misused customer funds, sending BTC to cycle lows.
Genesis Bankruptcy
Crypto lender Genesis Global Capital filed for Chapter 11, listing over $3.4B in liabilities to creditors.
Genesis Bankruptcy
Crypto lender Genesis Global Capital filed for Chapter 11, listing over $3.4B in liabilities to creditors.
Banking Crisis (SVB, Signature)
Silicon Valley Bank and Signature Bank collapsed. USDC briefly de-pegged before BTC rallied on safe-haven demand.
Banking Crisis (SVB, Signature)
Silicon Valley Bank and Signature Bank collapsed. USDC briefly de-pegged before BTC rallied on safe-haven demand.
Daily Close Reclaims Prior ATH Level
The measured below-ATH streak ended on Jan 12; the next UTC daily close was back above the 2017 intraday-high threshold used in this analysis.
Daily Close Reclaims Prior ATH Level
The measured below-ATH streak ended on Jan 12; the next UTC daily close was back above the 2017 intraday-high threshold used in this analysis.
The Quick Answer
Using BTCUSD daily closes versus the prior cycle’s ATH, Bitcoin’s longest stretch spent below water was 66 days.This streak ran from Nov 8, 2022 to Jan 12, 2023.
Top 5 Streaks
| Rank | Period | Duration |
|---|---|---|
| #1 | Nov 8, 2022 — Jan 12, 2023 | 66 days |
| #2 | Oct 7, 2022 — Oct 24, 2022 | 18 days |
| #3 | Sep 18, 2022 — Oct 3, 2022 | 16 days |
| #4 | Sep 5, 2022 — Sep 8, 2022 | 4 days |
| #5 | Jul 1, 2022 — Jul 3, 2022 | 3 days |
Daily Breakdown
Each square represents one day. Green = closed above the prior ATH; red = closed below.
What If You Bought The Dip?
Compare two approximate one-time purchase points
Nov 2021 peak ($69k)
Nov 2022 low ($15.5k)
Simplified lump-sum illustration, not a DCA calculation or financial advice. Entry prices are rounded historical reference points. Values use $64,627 per BTC (Coinbase BTC-USD spot fetched Aug 6, 2026, 4:39 PM UTC).
Drawdown & Recovery
How deep did Bitcoin fall from its Nov 2021 ATH, and how long did the climb back take?
Max Drawdown Depth
Recovery Milestones
Methodology
Defining the Level
We use the 2017 peak intraday high of $19,892.
The Rule
A 'day below' is counted when the daily close is strictly lower than the ATH level.
Data Source
Coinbase Exchange BTC-USD daily candles (checked-in snapshot). Analysis counts UTC calendar days. The fallback chart is monthly, while its streak totals use daily closes.
Common Questions
What’s the “previous all‑time high” in this analysis?
The previous cycle’s ATH is taken as the 2017 peak intraday high (BTCUSD daily “High”) from Coinbase Exchange BTC-USD daily candles (checked-in snapshot).
So how many days did Bitcoin stay below that level in the last cycle?
Using daily closes vs that prior ATH level, the longest uninterrupted streak below it lasted 66 days (Nov 8, 2022 → Jan 12, 2023).
Why might other websites show a slightly different number?
ATH values and daily closes differ by exchange/index, time zone cutoffs, and whether you measure intraday highs/lows vs closing prices.
Is this financial advice?
No. This page is informational only and doesn’t predict future prices or cycles.
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