Mayer Multiple: Price ÷ 200-Day Moving Average

As of 2026-11-05, the Bitcoin Mayer Multiple (price ÷ 200-day moving average) is 1.04, in the 'Neutral' zone (below 1 bearish, above 2.4 overheated).

The Mayer Multiple (Trace Mayer) is price divided by the 200-day moving average. Below 1, price is under its 200-day average, a bearish zone; above 2.4 has historically marked severe overheating.