Despite Bitcoin nearing its all-time high, the Mayer Multiple metric suggests it is not yet overheated. According to Axel Adler Jr. from CryptoQuant, this classic metric indicates that Bitcoin, currently around $108,000 after a 90% increase over the past year, is still undervalued. The Mayer Multiple, which compares Bitcoin's price to its 200-day moving average, currently sits at 1.1x, well within the neutral range of 0.8–1.5x and far from the overbought threshold of 1.5x. This metric, along with a comprehensive list of 30 indicators from CoinGlass, shows no signs of a market peak. Many analysts, including Rekt Capital, suggest that October 2025 could mark the next bull market top, aligning with historical trends. While some traders believe the cycle may extend into 2026, profit-taking has already begun. As always, investors are reminded to conduct their own research, as all trading carries inherent risks. Read more AI-generated news on: https://app.chaingpt.org/news

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