Bitcoin’s Mayer Multiple is pressing back toward the lower bound of its range, which shows that momentum is cooling and price is gravitating toward the 200 day moving average.
historically these low MM phases have aligned with consolidation and value driven accumulation rather than major tops.
for medium term investors this is usually the part of the cycle where entries improve as leverage and euphoria reset.
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Bitcoin’s Mayer Multiple is pressing back toward the lower bound of its range, which shows that momentum is cooling and price is gravitating toward the 200 day moving average.
historically these low MM phases have aligned with consolidation and value driven accumulation rather than major tops.
for medium term investors this is usually the part of the cycle where entries improve as leverage and euphoria reset.