🚨 MARKET FOCUS :WHEN FEAR PEAKS, MATH TAKES OVER
The Mayer Multiple just hit 0.6.
That means Bitcoin is trading ~40% below its 200-day moving average.
This doesn’t happen during normal pullbacks.
It only shows up during full-blown capitulation.
History check 👇
Dec 2018 -- bear market bottom
Mar 2020 -- COVID crash
Nov 2022 -- FTX fallout
Now -- same zone
Does it call the exact bottom? No.
Does it show where risk flips and panic gets priced in? Yes.
When price is this far below trend, the market is assuming worst-case outcomes.
That’s usually when emotion peaks… and math quietly takes over.