Drawdown
The fall from a peak to a later low, in percent. Recovering a drawdown of x% takes a rise of 100 × x ÷ (100 − x) percent: 50% back needs 100%.
Why it matters
Losses and the gains that undo them are not the same size: −50% needs +100%. BTC's fall from October 2025 to July 2026 was 54.2% and needed +118.3%.
Education only, not financial advice · All terms