Firsthand Bitcoin · Data · Bitcoin miners

Mayer multiple

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

1.03× on Nov 6, 2026, against 0.93× 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

MonthMayer multiple
Dec 20250.82×
Jan 20260.78×
Feb 20260.67×
Mar 20260.74×
Apr 20260.90×
May 20260.93×
Jun 20260.78×
Jul 20260.89×
Aug 20261.13×
Sep 20261.17×
Oct 20261.06×
Nov 20261.03×

Questions

What is mayer multiple today?
1.03× as of November 6, 2026, down 13.4% over the last 30 days.
How has it changed over the past year?
A year ago it was 0.93×; today it is 1.03×, a change of +10.9%.
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 2026-11-06.

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