Bitcoin Mayer Multiple: what it is and today's value
The Mayer Multiple is Bitcoin's price divided by its 200-day moving average. It measures how expensive or cheap price is versus its long-term trend: below 1 it trades under its average (accumulation context); the 2.4 line has marked historic tops.
Formula: price ÷ 200-day moving average of price.
Full history 2011→today, weekly points, computed by us from price.
How to read it
Below 0.8 price is well under its average (deep value); around 1 is its 200-day average; above 2.4 the market has historically been overheated.
| Range | Zone |
|---|---|
| < 0.8 | deep value |
| 0.8 – 1 | below 200D avg |
| 1 – 1.5 | fair value |
| 1.5 – 2.4 | extended |
| ≥ 2.4 | overheated (top) |
At past tops and bottoms
The Mayer Multiple at the major cycle turning points, read from our own historical series — at tops it moved into the red zone, at bottoms into the green.
| Turning point | Mayer Multiple |
|---|---|
| Top · Dec 2013 | 5.65 |
| Top · Dec 2017 | 3.10 |
| Top · Apr 2021 | 2.02 |
| Bottom · Jan 2015 | 0.70 |
| Bottom · Dec 2018 | 0.57 |
| Bottom · Nov 2022 | 0.83 |
See all indicators side by side in the cycle turning points table.
See the full dashboard → Cycle overviewMethodology
Computed by ABYSS Index from our own Bitcoin node and reference price — freely redistributable. For educational purposes only. Not financial advice. Español