$BTC | Mayer Multiple missed Bitcoin's real 2021 top. It read 1.97 on 13 April 2021, then price ran to a fresh high on 8 November with Mayer only at 1.50. Watch the ratio alone and you'd have called April the top.
On the desk I treat it as descriptive, not predictive. SatoshiMacro's tracker has it at 1.06 today against a A$103,536 200-day average, below the 1.20 print from the 13 August 2025 high. My read: that double-top gap matters more than the 2.4 ceiling, since single-indicator signals are weak alone. AU CFD traders still face ASIC's 2:1 cap and ordinary income tax under TR 97/11, not the 12-month CGT discount.
https://satoshimacro.com/tools/crypto/cycle-indicators/bitcoin-mayer-multiple/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-1
#SatoshiMacro #MayerMultiple #BitcoinCycle #Bitcoin
On the desk I treat it as descriptive, not predictive. SatoshiMacro's tracker has it at 1.06 today against a A$103,536 200-day average, below the 1.20 print from the 13 August 2025 high. My read: that double-top gap matters more than the 2.4 ceiling, since single-indicator signals are weak alone. AU CFD traders still face ASIC's 2:1 cap and ordinary income tax under TR 97/11, not the 12-month CGT discount.
https://satoshimacro.com/tools/crypto/cycle-indicators/bitcoin-mayer-multiple/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_short-1
#SatoshiMacro #MayerMultiple #BitcoinCycle #Bitcoin