Contrary To Popular Belief, This Is Not The Worst Bitcoin Crash In History – Here’s The List

bitcoinistPublished on 2026-02-09Last updated on 2026-02-09

Abstract

Contrary to popular belief, the recent Bitcoin crash is not the worst in its history. According to Swan CEO Cory Klippsten, the decline from the all-time high of $126,000 to $60,000 (a 52% drop) ranks only as the 9th-largest Bitcoin drawdown. The most significant crash occurred in 2011, when BTC fell 94% from $32 to $2. Other major crashes include an 87% drop from $1,160 to $152 (2013-2015) and an 84% crash from $19,600 to $3,100 (2017-2018). Analyst Michaël van de Poppe noted the appearance of a capitulation candle on the weekly chart, suggesting that the range of $65,000–$70,000 may form a bottom area. While some experts, like Peter Brandt, warn that Bitcoin could still drop to around $42,000, van de Poppe is optimistic, predicting a potential rally toward $85,000. At the time of writing, Bitcoin price is around $71,000, up over 2% in 24 hours.

Swan’s CEO Cory Klippsten has highlighted past Bitcoin crashes, proving that this latest crash isn’t the worst in BTC’s history. This comes as the leading crypto looks to recover, although experts warn that the crash may not be over yet.

Crypto CEO Shares List Of Worst Bitcoin Crashes Ever

In an X post, the Swan CEO described the Bitcoin crash from its current all-time high (ATH) of $126,000 to $60,000 as the 9th-largest in its history. He shared a list of all the major crashes that the leading crypto has suffered since its inception. The largest crash was in 2011, when BTC dropped from a peak of $32 to $2, representing a 94% drawdown.

The second-largest Bitcoin crash occurred between 2013 and 2015, when BTC fell 87% from a peak of $1,160 to a low of $152. The leading crypto suffered its third-largest crash between 2017 and 2018 when it dropped from $19,600 to $3,100, representing an 84% crash. The crash from $260 to $45 in 2013 and from $69,000 to $15,500 complete the top five largest crashes in Bitcoin’s history.

Source: Chart from Cory Klippsten on X

The Bitcoin crash from a peak of $126,000 to a low of $60,000 represents a 52% drawdown, which is why it ranks as the 9th-largest crash, just below the crash from $64,800 to $28,800 and above the crash from $850 to $420. However, based on predictions from experts such as veteran trader Peter Brandt, this recent sell-off may not yet be over. Brandt predicted that BTC could still drop to as low as $42,000, which could mark the bottom based on past bear cycles.

Analyst Highlights Capitulation Candle on Bitcoin

Crypto analyst Michaël van de Poppe stated in an X post that the weekly BTC chart shows that the market has just witnessed the capitulation candle following the latest Bitcoin crash. He warned that this doesn’t mean that BTC can’t consolidate here and then test some lower levels. The analyst added that holding above the 2021 ATH of $69,000 is key, and that the capitulation candle indicates buying pressure that likely contributed to the rebound above $70,000.

Michaël Van De Poppe also mentioned that the reversal for Bitcoin might not be quick, but given the sudden upside bounce, he believes the range between $65,000 and $70,000 is the bottom area for the coming weeks. As such, the analyst is confident that a BTC rally to as high as $85,000 is definitely on the cards. He also remarked that the leading crypto is closer to the bottom than the top.

At the time of writing, the Bitcoin price is trading at around $71,000, up over 2% in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $70,202 on the 1D chart | Source: BTCUSDT on Tradingview.com

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Related Questions

QAccording to Swan's CEO Cory Klippsten, what is the ranking of the current Bitcoin crash from $126,000 to $60,000 among the worst crashes in BTC's history?

AThe current Bitcoin crash from $126,000 to $60,000, a 52% drawdown, is ranked as the 9th-largest crash in Bitcoin's history.

QWhich Bitcoin crash is considered the largest in history, and what was the percentage decline?

AThe largest Bitcoin crash was in 2011, when BTC dropped from a peak of $32 to $2, representing a 94% drawdown.

QWhat did veteran trader Peter Brandt predict could be the potential bottom for Bitcoin's price in this recent sell-off?

AVeteran trader Peter Brandt predicted that BTC could still drop to as low as $42,000, which could mark the bottom based on past bear cycles.

QWhat key level does analyst Michaël van de Poppe state is crucial for Bitcoin to hold above?

AAnalyst Michaël van de Poppe stated that holding above the 2021 all-time high (ATH) of $69,000 is key.

QWhat price range does Michaël van de Poppe believe is the bottom area for Bitcoin in the coming weeks, and what is his high-end price target?

AMichaël van de Poppe believes the range between $65,000 and $70,000 is the bottom area for the coming weeks and is confident that a BTC rally to as high as $85,000 is on the cards.

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