23.7% ish, by my maths🤷🏻‍♂️.

You’re right ! Down we must go

Check your math. 109k with a 31% draw down is $69,760.

Right now we are at a 23.6% draw down. Totally reasonable for a ₿TC bull market. 40% draw downs in bull markets are more typical. This time around the 4 year cycle, the ETF’s may change that metric though.