BTC Peak Escape Indicator: Mayer Multiple Update

Currently still in a bull market balance period, it is recommended to continue holding

Index > 2.4 Suggested to escape the peak

Index < 0.8 Suggested to buy the dip

1/Mayer Multiple, also known as the Mayer Multiple, is an indicator calculated as the current Bitcoin price divided by the 200-day moving average. Since the inception of Bitcoin, the average Mayer Multiple has been 1.31.

2/In historical data backtesting, when the Mayer index exceeds the critical threshold of 2.4, the market often enters the peak phase of a bull market. Analysis of data from the last two bull markets shows that during the periods when the index exceeded 2.4, the two bull markets exhibited a peak cycle characteristic of about 38-73 days.

Note: However, during the peak of the bull market in 2021, this index did not hit the mark, so we need to cross-validate with other indicators.