Glassnode: The current Bitcoin Mayer Multiple may indicate that BTC is about to experience significant volatility

According to a post by Glassnode on X, the current Mayer Multiple for Bitcoin is 1.37. Historical data indicates that when the Mayer Multiple exceeds 2.4 (approximately $181,000), it signifies overbuying; at 1.0 (about $75,000) it's neutral; and less than 0.8 (below $60,000) suggests overselling.

The current price of Bitcoin is above its 200-day moving average, with data showing an extremely narrow price range for Bitcoin over the past 60 days. Historically, such tight price ranges often foreshadow imminent drastic fluctuations.