Mayer Multiple
Valuation
Price relative to its 200-day moving average — a valuation gauge of how extended Bitcoin is versus trend.
Calculation
mm = close / SMA200(daily). Mapped to 0–100 over mm∈[0.3, 4.0] (weight 16% in the cycle composite). Higher = more overextended.
Unit & source
ratio · tradingstrategies.work Market-Pulse / Bitcoin-Cycle methodology
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.