Glassnode: The current Mayer Multiple for Bitcoin may indicate that BTC is about to experience significant volatility

ChainCatcher news, according to Glassnode's post on X, the current Mayer multiple for Bitcoin is 1.37. Historical data shows that when the Mayer multiple is greater than 2.4 (approximately $181,000), it indicates overbought conditions, equal to 1.0 (approximately $75,000) is neutral, and less than 0.8 (below $60,000) indicates oversold conditions.

The current price of Bitcoin is above the 200-day moving average, and data shows that Bitcoin's current 60-day price range is very narrow. Historically, such a tight price range often signals an impending significant volatility.