cbBTC Peg Stability vs BTC

cbBTC traded at 1.0000 BTC on Oct 4, 2026 (3-day median), 0.04% below its 90-day high. Its largest 90-day drawdown was -0.14%, bottoming on Aug 16, 2026. Since tracking began on Sep 12, 2024, the worst drawdown was -0.34% on Mar 1, 2026.

Current ratio1.0000Oct 4, 2026
Below 90d high-0.04%High 1.0004
90d max drawdown-0.14%Aug 16, 2026
Worst drawdown tracked-0.34%Mar 1, 2026
cbBTC / BTC ratio (3-day median)

cbBTC peg stats by period

WindowMax drawdownTrough dateBelow period highBaseline shift
7 days-0.02%Sep 29, 2026-0.01%+0.03%
30 days-0.08%Sep 29, 2026-0.05%-0.03%
60 days-0.09%Aug 16, 2026-0.04%-0.01%
90 days-0.14%Aug 16, 2026-0.04%0.00%
Since tracking began-0.34%Mar 1, 2026-0.24%0.00%
606 daily ratios from Sep 12, 2024 to Oct 4, 2026. Source: DeFiLlama prices.

Other BTC wrappers

How peg stability is measured

Each ratio is the wrapper's market price divided by its underlying asset's market price, sourced daily from DeFiLlama. Charts and stats use a 3-day rolling median (smoothed daily ratio) to suppress single-day price prints. For LSTs the ratio naturally drifts up over time as staking yield accrues.

Current deviation compares today's ratio to the highest ratio in the window. The most actionable signal: it answers "is it off peg right now?"

Max drawdown is the largest peak-to-trough drop in the window. It is historical, useful for spotting acute events even after the wrapper has recovered.

Baseline shift compares the median ratio in the recent half of the window to the prior half. Negative values mean the wrapper settled at a lower plateau: a regime change rather than a single bad print. Note: for yield-accruing LSTs, small positive values just reflect normal staking drift, not a peg event. None of these are redemption guarantees.

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