Meyer Multiplier

Bitcoin Meyer Multiplier
The Bitcoin Meyer Multiplier is a valuation indicator that shows whether Bitcoin is over- or undervalued relative to its long-term trend.

Definition:$$\text{Meyer Multiplier} = \frac{\text{Current Bitcoin Price}}{\text{200-Day Average}}$$Meyer Multiplier=200-Day AverageCurrent Bitcoin Price​

Interpretation:

• < 1 → Bitcoin below the long-term trend (historically relatively cheap)
• ≈ 1–2 → Normal valuation range
• > 2.4 → Overheating / high risk (historically near market tops)

Purpose:

• Contextualizing market cycles
• Supporting timing decisions (accumulation vs. risk reduction)

Limitations:

• Not a predictive model, only a relative valuation metric
• Works better in combination with other on-chain or trend indicators

In short:
The Meyer Multiplier measures how far Bitcoin’s price has deviated from its long-term average—simple, robust, but not a standalone indicator.