$BTC sitting at $63.6K, 8.5% below the 200-day MA ($69.6K)

Mayer Multiple: 0.91 🟢

Historically, sub-1.0 readings = accumulation zone. Not screaming oversold, but we're in that "smart money DCA" range.

If you're waiting for a perfect entry, this is it. If you're already in, chill.

Macro still uncertain, but on-chain + MA structure says: undervalued.