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Data / Mayer multiple / 2025
The bitcoin price divided by its 200-day moving average.
Mayer multiple opened 2025 at 1.31× (January 1, 2025) and closed at 0.82× (December 31, 2025), down 37.1%. The high was 1.40× on January 19, 2025 and the low 0.76× on November 22, 2025.
| Month | Month end |
|---|---|
| January 2025 | 1.34× |
| February 2025 | 1.00× |
| March 2025 | 0.96× |
| April 2025 | 1.05× |
| May 2025 | 1.10× |
| June 2025 | 1.12× |
| July 2025 | 1.19× |
| August 2025 | 1.08× |
| September 2025 | 1.09× |
| October 2025 | 1.00× |
| November 2025 | 0.83× |
| December 2025 | 0.82× |
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.
Other years: 2026 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2025: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Miner prices per terahash · Bitmain releases and the bitcoin price