Stats › Crypto › Crypto drawdowns

Bitcoin's average decline is -71.97%, the S&P 500's -35.24%

2011: -92.75%-92.75%2011Apr 2013: -70.4%-70.4%Apr 20132013-15: -84.52%-84.52%2013-152017-18: -83.78%-83.78%2017-182019-20: -61.45%-61.45%2019-202021: -53.08%-53.08%20212021-22: -76.67%-76.67%2021-222025-26: -53.11%-53.11%2025-26S&P average: -35.24%-35.24%S&P average

Sources: Coin Metrics community API for bitcoin, read 16 Aug 2026. Hartford Funds using Ned Davis Research data for the S&P 500 average of -35.24% across 27 bear markets since 1929. Every bitcoin decline shown is deeper than the average equity bear market, and five of the eight are deeper than the worst one ever recorded, the 1931 to 1932 leg at -61.81%.

Bitcoin has had eight major declines since 2011, and every one went past fifty per cent. The average was 71.97 per cent, deeper than the worst S&P 500 bear market in ninety seven years of records. Getting back took a median of 622 days.

8Major declines since 2011
-71.97%Average fall
-92.75%Deepest fall
622 daysMedian peak to new high

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