The Bitcoin drawdown is far deeper than the S&P 500’s retreat from its record, according to a comparison published by BeInCrypto on November 2. Bitcoin sits 39% below its peak, while the US stock index is about 3% off its high. The ranking also shows deeper losses among more speculative assets, including meme coins.
The comparison draws on a ranking by Charlie Bilello, chief market strategist at wealth manager Creative Planning. It measures each asset’s distance from its all-time high, not what any market may do next. The figures therefore compare historical drawdowns, rather than forecasts or like-for-like measures of investment value.
- Bilello’s November 1 ranking puts Bitcoin 39% below its all-time high and Ethereum 55% below.
- Dogecoin is down 90%, Fartcoin 95%, Official Trump 98% and Official Melania 99% from their peaks.
- The S&P 500 is about 3% below its October 6 record, and the Nasdaq Composite about 8% below its high, according to BeInCrypto.
- CoinGecko’s November 2 snapshot at 06:13 UTC lists Bitcoin at $78,238, up 0.45% over 24 hours but down 7.34% over 30 days.
- Alternative.me classified crypto market sentiment as Fear, with a score of 37 on November 2.
Bitcoin drawdown timeline
- January 2025: The Official Trump and Official Melania meme coins launched around President Donald Trump’s inauguration, according to BeInCrypto.
- October 6, 2025: Bitcoin reached its all-time high, BeInCrypto reported. CoinGecko’s supplied data records the peak at $126,080.
- October 6, 2026: The S&P 500 set its record, according to BeInCrypto. The index later closed about 3% below it.
- Mid-October 2026: Google searches for Bitcoin had reached a six-year low, BeInCrypto reported.
- November 1 to 2, 2026: Bilello shared the drawdown ranking on November 1. BeInCrypto reported it the next day, while CoinGecko’s 06:13 UTC snapshot listed Bitcoin at $78,238.
Background: Bitcoin drawdown versus the stock market
Bilello’s ranking compares how far each asset sits below its own all-time high. It includes stocks, gold, cryptocurrencies and the S&P 500. The percentage gaps provide context, but they do not show what an asset will do in the future or make the assets directly equivalent.
In the November 1 ranking, Bitcoin is 39% below its peak and the S&P 500 is 3% below its record. BeInCrypto puts the Dow Jones Industrial Average about 4% below its August peak and the Nasdaq Composite about 8% below its high. The S&P 500’s smaller gap does not establish that stocks will continue to outperform crypto.
The ranking also shows different drawdowns among individual companies. Apple is 2% below its high, Microsoft 6%, Nvidia 16% and Tesla 20%. Netflix is 54% below its record, the deepest stock drawdown in the list. Gold is 31% below its high, while Google is 32% below.
Losses grow further down the ranking. Ethereum is down 55%, followed by Dogecoin at 90%, a 35-percentage-point difference between the two. Fartcoin, a meme coin on the Solana blockchain, is 95% below its high; Official Trump and Official Melania are down 98% and 99%, respectively, according to BeInCrypto.
BeInCrypto notes that an asset down 39% needs a gain of about 64% to return to its previous high. An asset down 90% needs a 900% rise. This arithmetic does not predict a recovery. It illustrates how the gain needed to return to a prior level grows as an asset falls further.
| Asset | Price, USD | 24-hour change | Data time |
|---|---|---|---|
| Bitcoin (BTC) | $78,238 | +0.45% | November 2, 2026, 06:13 UTC |
| Ethereum (ETH) | $2,286.69 | +0.66% | November 2, 2026, 06:13 UTC |
| Solana (SOL) | $94.59 | -1.29% | November 2, 2026, 06:13 UTC |
CoinGecko supplied the prices and daily moves. Its Bitcoin price and recorded peak imply a decline of about 38% at that timestamp, slightly different from Bilello’s rounded 39%. The figures use different dates and are rounded differently, so they are not identical readings.
Market context for the Bitcoin drawdown
Bilello’s ranking shows an uneven picture across asset classes. Apple is 2% below its record and Microsoft 6% below, while Netflix is 54% below, according to figures cited by BeInCrypto. The comparison describes distances from past highs; it does not establish how stocks or cryptocurrencies will perform next.
In the 24 hours to CoinGecko’s November 2, 06:13 UTC snapshot, Bitcoin and Ethereum rose 0.45% and 0.66%, while Solana fell 1.29%. CoinGecko’s data also shows declines for all three over the previous 30 days: Bitcoin was down 7.34%, Ethereum 14.43% and Solana 20.47%. A positive daily move can coincide with a negative longer-term change.
Alternative.me’s Fear & Greed Index registered 37, or Fear, on November 2. That reading describes the index’s sentiment classification, not a price forecast. BeInCrypto also reported that Google searches for Bitcoin had reached a six-year low by mid-October. Neither data point, on its own, establishes why prices moved.
What to watch next
BeInCrypto reported that the team behind Official Trump had scheduled a holder gala dinner with President Trump for November 22. That is a project-specific development, not evidence of a likely token price move.
The Bitcoin drawdown leaves a substantial distance between the price in CoinGecko’s November 2 snapshot and the recorded peak, but the figures do not establish whether or when that distance will narrow. The meme coin percentages likewise measure distance from past highs. They do not indicate what happens next.
FAQ
How far is Bitcoin below its all-time high?
BeInCrypto cited a 39% drawdown in Charlie Bilello’s November 1, 2026 ranking. CoinGecko’s November 2 snapshot at 06:13 UTC implies a decline of about 38% from its recorded $126,080 high.
How far has the S&P 500 fallen from its record?
BeInCrypto reported that the S&P 500 closed about 3% below its October 6, 2026 record. The Nasdaq Composite was about 8% below its high.
How large are the meme coin drawdowns in the ranking?
The ranking shows declines of 90% for Dogecoin, 95% for Fartcoin, 98% for Official Trump and 99% for Official Melania. These figures measure distance from each coin’s high. They do not explain the cause of each fall or indicate what happens next.
Sources
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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