Glassnode: The current Bitcoin Mayer Multiple may indicate that BTC is about to experience significant volatility
According to a post by Glassnode on X, the current Mayer Multiple for Bitcoin is 1.37. Historical data indicates that when the Mayer Multiple exceeds 2.4 (approximately $181,000), it signifies overbuying; at 1.0 (about $75,000) it's neutral; and less than 0.8 (below $60,000) suggests overselling.
The current price of Bitcoin is above its 200-day moving average, with data showing an extremely narrow price range for Bitcoin over the past 60 days. Historically, such tight price ranges often foreshadow imminent drastic fluctuations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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