Bitcoin sits 32% below its $126,000 record one year later

One year ago, Bitcoin set its all-time high of approximately $126,000. Today it trades around $85,300, roughly 32% below that peak. From Uptober euphoria to a summer trough The record arrived on or around October 6, 2025. The peak sits somewhere between about $126,080 and $126,223, depending on the price feed. Two forces drove that run. Spot Bitcoin ETFs were pulling in steady institutional inflows. The market was also riding “Uptober,” the seasonal pattern traders cite when October tends to treat crypto kindly. The party did not last. Macroeconomic worries crept in, and a tariff-related liquidation event hit the market hard. The slide eventually found a floor in late June and early July 2026. Bitcoin’s cycle low landed in a range of roughly $58,000 to $60,000. Then came the rebound. By late September 2026, Bitcoin had climbed about 45% from its June low. That recovery pushed its estimated market capitalization back to near $1.7 trillion. So on the anniversary of the peak, October 6, 2026, the price stood around $85,300. Measured against the high, it is down roughly 32%. Measured against the low, it has staged a respectable comeback. Why a 32% drawdown counts as normal for Bitcoin ...