Data from Bitcoin’s Mayer Multiple suggests low risk/return conditions at current levels, but macro conditions still trouble long-term optimism.
Bitcoin Mayer Multiple returns to July 2021 levels in fresh sign $37K BTC is a long-term buy
An increasingly rare bull signal for investors comes after both the Mayer Multiple and Bitcoin price shed 50% versus November 2021.
Mayer Multiples: The Metric That Helps Call Bitcoin Bubbles and Bottoms
Identifying speculative bubbles or bearish exhaustion may be possible through the use of a fairly new metric known as the Mayer Multiple.