The $863B Crypto Market May Be Close to Bottom, Mayer Multiple Suggests
— Crypto, Investor, 863b, Mayer, Multiple, Suggests, Close, Readings, Market, 200day — 1 min read
The Mayer Multiple helps investors identify oversold and overbought conditions by comparing the market value to the 200-day average of $1.603 trillion. The previous crypto bear markets ended with the Mayer Multiple falling below 0.5. If history is a guide, the market may have found a bottom at the June low of $762.8 billion. In the past, readings above 2.4 have signaled the final stages of the bull market characterized by retail investor frenzy, such as retail investor frenzied retail investors in the crypto market. At press time, 0.53 was 0.3 billion, meaning the market valued at $863 billion was worth almost half of its 200 day average of. $1,603 trillion. Source