Optimism Drawdown History
Daily-close data from 1 June 2022 to 12 October 2026 (52 months). Last updated 12 October 2026.
Quick answer
Optimism Drawdown History — OP's maximum drawdown is -98.3%; it currently sits -97.1% below its all-time high
As of 12 October 2026 · Source: OPUSDT daily closes (Binance)
Max drawdown
-98.3%
Current vs ATH
-97.1%
Major crashes (>50%)
4
| Peak | Trough | Depth | Recovered |
|---|---|---|---|
| 2024-03-09 | 2026-08-18 | -98.3% | not yet |
| 2022-06-02 | 2022-07-12 | -70.9% | 2022-07-29 |
| 2022-08-03 | 2022-10-20 | -66.3% | 2023-01-20 |
| 2023-02-03 | 2023-06-14 | -65.0% | 2023-12-22 |
| 2024-01-01 | 2024-01-23 | -29.3% | 2024-02-20 |
About this metric
A drawdown is the decline from the highest price reached to the current price. Maximum drawdown is the worst such loss in the full history — the number that tells you what holding this asset through a crash has actually felt like. The peak-to-recovery duration matters as much as depth: an asset that takes years to reclaim its peak demands a different holding strategy than one that recovers in weeks.
Methodology
- Data: daily closes from the OPUSDT market on Binance (public REST API).
- Window: 1 June 2022 — 12 October 2026; pages recompute at most every 6 hours.
- All figures are calculated by CoinCrypTick from that raw data — nothing is quoted from third parties.
- Not financial advice. Crypto assets are volatile; read the drawdown page before the returns page.
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Frequently asked questions
What was OP's biggest crash?
The deepest drawdown ran -98.3%, peaking 9 March 2024 and bottoming 18 August 2026 — that level has not been reclaimed since.
How far is OP from its all-time high?
As of 12 October 2026, OP is -97.1% below its all-time high of $4.70 (set 9 March 2024).
How is drawdown calculated?
We track the running peak of daily closes; drawdown at any day is (price − peak) / peak. The table lists every drawdown deeper than the five largest by depth, with peak-to-trough-to-recovery dates.