The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle. This is the first time in the history of the metric that such a trend has formed.
Current Bitcoin Cycle’s Mayer Multiple Low Is Deeper Than Last Cycle’s
As per data released from the analytics firm Glassnode, the current value of the BTC Mayer Multiple is around 0.478.
Before seeing what the Bitcoin Mayer Multiple does, it’s best to look at a basic explanation of a “moving average” first.
A moving average (or MA in short) is an analytical tool that averages out the value of any quantity over a specific period of time.
As its name implies, it moves forward along with the quantity, and changes its value accordingly. An MA can be taken over any timespan, whether that be 100 days, 72 hours, or even10 seconds.
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The bigger MAs are usually ..
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