Bitcoin Mayer Multiple
How far price has run from its 200-day average, today and since 2011.
How we calculate it
The daily close divided by the simple average of the last 200 daily closes (UTC).
Daily closes: Bitstamp BTC/USD (UTC) from September 2011, and the blockchain.com price index before that (August 2010 to August 2011, approximate). Our calculations. Today's reading uses the live Coinbase price once it loads. Model figures are for Nov 14, 2026. A model, not a forecast: these lines describe the past. Nothing here says where the price will go. Not financial advice.
Common questions
What is the Mayer Multiple?
Bitcoin's price divided by its 200-day moving average. Trace Mayer introduced it in 2017 as a way to see how stretched price is from its recent trend.
What is the Mayer Multiple today?
0.88 on Nov 14, 2026 (200-day average $72,975). It has been lower on 25% of days since 2011.
What does 2.4 mean?
Trace Mayer treated readings of 2.4 or more as a speculative bubble. Bitcoin closed at or above 2.4 on 303 of 5,734 days (5.3%) since 2011.
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