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Bitcoin Mayer Multiple

Live BTC price divided by the 200-day simple moving average — updated every 4 hours via Binance. One of the oldest valuation metrics in Bitcoin, now free and embeddable.

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365-day Mayer Multiple history
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0.8× — Extreme Discount1.5× — Accumulation Zone2.4× — Fair Value Range3.8× — Overheated

What is the Mayer Multiple?

The Mayer Multiple was created by Trace Mayer as a simple ratio: BTC's spot price divided by its 200-day simple moving average. The 200-day SMA is one of the most widely tracked trend filters in both traditional finance and crypto.

A multiple of 1.0× means BTC is exactly at its 200-day average. Mayer's original research found that readings below 2.4× have historically represented favorable long-term accumulation conditions — and readings above 3.8× have only appeared briefly near major cycle tops.

Data sourced from Binance 1D BTCUSDT klines (public API, no key required). Updated every 4 hours.

Frequently asked questions

What is the Bitcoin Mayer Multiple?
The Mayer Multiple, created by Trace Mayer, is BTC's spot price divided by its 200-day simple moving average. A reading of 1.0× means price sits exactly at the 200-day average; readings above 1.0× mean price is trading above its long-run trend, and readings below 1.0× mean it is trading beneath it.
What is considered a high or low Mayer Multiple?
Mayer's original research found that readings below 2.4× have historically represented a favorable long-term entry zone, while readings above 3.8× have only appeared briefly near major cycle tops. This page uses five zone labels — Extreme Discount, Accumulation Zone, Fair Value Range, Overheated, and Extreme Bubble — to describe where the current reading falls in that historical range.
Is the Mayer Multiple a reliable timing signal on its own?
The Mayer Multiple reflects price alone — it does not incorporate on-chain transaction activity, exchange flows, or macro conditions. Historical zone boundaries describe past behavior, not a guarantee of future outcomes, and are best read alongside other data (like NVT or realized volatility) rather than in isolation. This page is informational, not financial advice.
How often is this Mayer Multiple data updated?
This page computes the Mayer Multiple from Binance 1D BTCUSDT klines (a free, public API — no key required) and refreshes every 4 hours. The chart shows the trailing 365 days of daily readings.

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Data sourced from Binance 1D BTCUSDT klines (public API). Figures are informational only and do not constitute financial advice. Liquid State · crypto market intelligence.