According to Charlie Bilello, BTC has fallen about 36% from its early-October all-time high of $126,300 to $80,600, marking the largest correction from an ATH since 2022 (source: Charlie Bilello on X, Nov 21, 2025). He notes that similar or larger annual drawdowns have occurred regularly, indicating this move is within Bitcoin’s typical volatility profile and should be treated by traders as historically normal when sizing positions and setting risk limits (source: Charlie Bilello on X, Nov 21, 2025).