💥 WHEN FEAR PEAKS, MATH TAKES OVER
BTC | Market Insight
The Mayer Multiple has dropped to 0.6.
That puts Bitcoin trading ~40% below its 200-day moving average.
This isn’t a normal dip.
This zone only appears during true capitulation phases.
📊 History Check:
• Dec 2018 → Bear market bottom
• Mar 2020 → COVID crash
• Nov 2022 → FTX fallout
• Now → Same danger zone
Does it mark the exact bottom? No.
Does it highlight where risk flips and panic gets fully priced in? Yes.
When price moves this far below trend, the market is pricing in worst-case scenarios.
That’s usually when emotion peaks… and math quietly takes control.
#BTC #CryptoMarket #OnChain #Capitulation #MarketCycles
BTCUSDT
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