ATL
All-Time Low: the lowest price an asset has ever reached.
Definition
All-Time Low (ATL) is the lowest price an asset has recorded since its creation — the opposite of the ATH. For Bitcoin, the absolute ATL was a few cents in 2010, although the institutionally relevant ATL usually refers to the low following the most recent ATH — for example, $15,600 in November 2022 after the FTX collapse. It is a key reference for calculating maximum drawdowns and for gauging the resilience of a corporate treasury: the further a stock trades above its ATL, the more cushion the balance sheet has if another bear market approaches.
In Context
Bitcoin's post-FTX ATL was $15,600 in November 2022; treasuries that held their BTC through that drawdown saw a 5x the following year.
Related Terms
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