A quant has pointed out how the Mayer Multiple could suggest Bitcoin is still not overheated at $103,000 when compared to past trend.
Bitcoin Mayer Multiple Z-Score Is Still Under Its Mean
In a post on X, quant Frank has talked about how the Mayer Multiple of Bitcoin is looking right now. The “Mayer Multiple” here refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day moving average (MA). In other words, the metric represents the distance that the asset’s value has from the 200-day MA.
The 200-day MA is a level that’s generally considered as an important boundary between macro bullish and bearish trends in the cryptocurrency, so it can be useful to know how far the coin is from this line.
In the context of the current discussion, the Mayer Multiple itself isn’t of interest, but rather its Z-Score. The Mayer Multiple Z-Score is an oscillator that tracks how much deviation the indicator has from its mean value.
Now, here is
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-103000-cool-per-this-indicator-quant-says/
