BTC’s Mayer Multiple Hits Rock Bottom 🐢 – Is a Bull Run Coming? 🚀

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In the great valley of Bitcoin, where the sun burns hot and the shadows of profit dance long, the Mayer Multiple has slunk low as a dog with a bad back. It now rests its weary paws at the lower edge of its range, a place where bulls yawn and bears sharpen their claws.

The Mayer Multiple, Now Testing the Patience of the Unwashed Masses

Glassnode, that oracle of on-chain whispers, has scribbled a new psalm on X: the Mayer Multiple, that peculiar ratio of spot price to 200-day moving average, has crawled back to its lowly perch. It’s like watching a man with a pocket watch and a hangover count every second twice.

The 200-day MA, a line drawn in the sand by analysts who clearly never met a bear market they liked, is now the dividing line between hope and despair. Above it, the bulls sip champagne; below it, the bears polish their pitchforks. BTC, ever the drama queen, has slipped beneath this line, leaving the Mayer Multiple teetering at 0.8-a number that smells of burnt toast and missed opportunities.

Here’s the chart, dear reader, for those who still believe in numbers:

The spot price, once a soaring eagle, now skulks below the 200-day MA, dragging the Mayer Multiple into the 0.8 abyss. This level, last seen in the 2022 bear market, is like a ghost town where only the desperate and the drunk dare tread. Glassnode sighs, “Historically, such compressions align with value-driven phases”-code for “hold your horses, nothing’s happening, but maybe something.”

But wait! BTC isn’t alone in its misery. It’s also wrestling with on-chain levels like a toddler with a Rubik’s Cube. Here’s another chart for your delight:

The Active Realized Price ($88,600) and the True Market Mean ($82,000) loom like twin sentinels. A breakdown below both would be the kind of confirmation that makes even the most stoic investor reach for the whiskey. As Glassnode’s CryptoVizArt.₿ might say, “This is the kind of drama we used to stream on Netflix.”

BTC’s Price: A Tale of Woe and a 13% Drop

At press time, BTC trades around $87,200, a 13% plunge in a week that would make a stockbroker cry into his coffee. Here’s a snapshot for the visuals:

And thus, the market waits-for a rebound, a crash, or maybe just a nap. The future is unwritten, and the Mayer Multiple, like a tired prophet, offers no answers-only questions and the faint smell of regret.

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2025-11-21 12:17