A year after its $126K record, bitcoin trades about a third lower

Bitcoin is roughly a third below its October 2025 peak, yet its order books are deeper than on last year’s crash day.

Updated

Bitcoin set its all-time high of $126,080 on Oct. 6, 2025, according to CoinGecko. Late on Oct. 14, 2026 (UTC), it was trading around $81,500, roughly 35% below that peak. Fortune’s daily price check put it about 28% lower than a year earlier on the morning of Oct. 13.

Four days after the record, on Oct. 10, 2025, more than $19 billion of leveraged crypto positions were liquidated in a single day, the largest such event in crypto history, CoinDesk reported. A year on, CoinDesk Research found bitcoin’s order books on major exchanges have rebuilt: on Oct. 7, 2026, about $11.7 million in orders sat within 1% of the price, roughly 75% more than on crash day. Ether’s depth has recovered too, while liquidity across a basket of smaller altcoins has kept shrinking.

Because bitcoin trades about a third below its pre-crash level, CoinDesk notes, the deeper books aren’t a price effect: market makers are committing more money. That kind of recovery doesn’t show up on a price chart: deeper order books mean large orders move the price less.

Not investment advice. This article is for general information only and does not recommend buying or selling any asset.

Sources

  1. CoinGecko: Bitcoin price page
  2. CoinGecko public API: bitcoin market data (ath, ath_date, ath_change_percentage)
  3. Fortune: Current price of Bitcoin for October 13, 2026
  4. CoinDesk: One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt (Oct. 10, 2026)

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