Bitcoin’s Mayer Multiple Hits 2022 Lows — Is Bottom Near?

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The Bitcoin Mayer Multiple reached 0.65, echoing the deep bear market conditions of 2022 and sparking debate on whether BTC's real bottom lies at $50,000 or lower.

Bitcoin has entered the “darkest days” of its bear market correction, based on a classic BTC price indicator hitting near four-year lows.

Bitcoin Mayer Multiple fell to 0.65, matching deep bear market lows in May 2022.

A repeat of 2022 would see BTC drop further to as low as $40,000. 

Mayer Multiple returns to May 2022 levels
Bitcoin’s 45% crash from its $126,000 peak has placed onchain indicators in focus as market participants search for where BTC price is likely to bottom. 

The Mayer Multiple is among the indicators suggesting that a bottom could be reached soon.

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