Mayer Multiple
Ratio of the BTC price to the 200-day moving average. The simplest overbought indicator.
What the metric shows
Mayer Multiple was invented by Trace Mayer: a single number that shows how far the price has deviated from its 200-day moving average. Historically, purchases at a value below 0.8 yielded the best returns, and above 2.4 the market was almost always in a risk zone.
Its main advantage is that the metric is calculated purely from the price itself, so it is available instantly without any external sources. The main disadvantage is that it knows nothing about holder behavior, so in a prolonged sideways trend it provides little signal.
How it is calculated
How to read the signal
| Zone | Value | Interpretation |
|---|---|---|
| > 2.4 | Historical overheating zone | |
| 0.8 – 2.4 | Normal range | |
| < 0.8 | Deeply undervalued, historical buy zone |
Frequently Asked Questions
Why exactly 200 days?
This is the generally accepted boundary between medium- and long-term trends across all markets, not just crypto.
Do I have to pay for this data?
No. The metric is calculated entirely from our own price data series.
Does it work on altcoins?
Yes, but the 0.8 / 2.4 thresholds are calibrated for BTC — they are wider for alts.