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Mayer multiple

The bitcoin price divided by its 200-day moving average.

1.23× on Sep 21, 2026, against 1.09× a year earlier.

How far the price sits above or below its 200-day average. Under 1, bitcoin is below its trend; historically, buying below 1 has beaten buying above it over any long horizon. Readings over 2.4 have only occurred in the late stage of bull markets.

Mayer multiple, month by month

Month	Mayer multiple
2025-10	1.00×
2025-11	0.83×
2025-12	0.82×
2026-01	0.78×
2026-02	0.67×
2026-03	0.74×
2026-04	0.90×
2026-05	0.93×
2026-06	0.78×
2026-07	0.89×
2026-08	1.13×
2026-09	1.23×

Questions

What is mayer multiple today?

1.23× as of September 22, 2026, up 9.8% over the last 30 days.

How has it changed over the past year?

A year ago it was 1.09×; today it is 1.23×, a change of +12.2%.

What is the highest mayer multiple on record?

6.38×, on November 30, 2013.

How is this chart calculated?

How far the price sits above or below its 200-day average. Under 1, bitcoin is below its trend; historically, buying below 1 has beaten buying above it over any long horizon. Readings over 2.4 have only occurred in the late stage of bull markets.

By year

2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013

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Updated daily. Latest data 2026-09-22.

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