01Definition
The largest peak-to-trough decline in an equity curve over the observed period.
02Context
The largest peak-to-trough decline in an equity curve over the observed period. This coordinate is placed in the wider system through its protocol, economic and historical relationships.
03Why it matters
Understanding Maximum drawdown helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.
⌖Reference points
01
Linked to related atlas coordinates
02
Grounded in a source record
03
Explains function and trade-offs
04
Part of the open Bitcoin knowledge graph