#Bitcoin Mayer Multiple: nearing Historical Mean📊


📝 The Mayer Multiple is currently 0.96, positioning it below the Mean (1.0) line. This suggests Bitcoin is not yet in an overbought state relative to its 200-day SMA.
📍 $BTC price retesting ~$80K coincides with the indicator just below the mean. The purple line shows a recent downtrend, reflecting market dynamics.
💡 This value, amid low on-chain activity and profit-taking by long-term holders, implies a cautious distribution phase. Watch the 0.8 buy zone for future accumulation signals.
BTC2.01%
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