Bitcoin sees a 53% decline from its peak and longest drawdown since 2022, Charlie Bilello notes

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Bitcoin drops 53% since October peak

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Yaroslav Dmytrenko

05.06.2026

Bitcoin sees a 53% decline from its peak and longest drawdown since 2022, Charlie Bilello notes — Bitcoin drops 53% since October peak

Charlie Bilello, chief market strategist at Creative Planning, reports that Bitcoin is down 53% from its peak last October, marking the cryptocurrency’s largest and longest drawdown since 2022.

This significant decrease highlights ongoing volatility in the crypto market.

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Bilello has recently pointed to positive trends in major equity benchmarks. He noted that the S&P 500 reached 22 year-to-date all-time highs. In a separate update, he reported the Nasdaq Composite climbed above 27,000 for the first time. These developments highlight differing trajectories between traditional equities and cryptocurrencies.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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