Bitcoin Mayer Multiple: What It Tells Us About Market Cycles

The Mayer Multiple is one of those overlooked indicators that actually matters when you're trying to gauge where Bitcoin sits in its market cycle. Simply put, it compares Bitcoin's current price to its 200-day moving average—a straightforward metric, but surprisingly effective.

When the multiple stays elevated, it typically signals overheating. Conversely, lower readings often point to accumulation zones where long-term holders have historically loaded up.

Looking at the chart, you can spot the patterns: peaks that preceded major corrections, and valleys that marked bottoming periods. It's not perfect—no indicator is—but it gives you context beyond just looking at the candles.

Whether you're swing trading or holding for the long term, understanding how price relates to trend averages helps you avoid FOMO moves and spot realistic entry points. Worth keeping on your radar.