Bitcoin at $103,000 is relatively stable, according to this indicator, says Quantum

In his post on X, Frank, a quantitative analyst, discussed what the Mayer Multiple for Bitcoin looks like right now. "The Mayer Multiple is an indicator that tracks the relationship between the current price of BTC and its 200-day moving average (MA). In other words, this indicator reflects the distance by which the asset's price deviates from the 200-day MA.

The 200-day moving average is a level that is generally considered an important boundary between fast and slow macro trends in cryptocurrency, so it's useful to know how far the coin is from this line.

In the context of the current discussion, the interest lies not in the Mayer Multiple indicator itself, but in its Z-Score. The Z-Score of the Mayer Multiple indicator is an oscillator that tracks the deviation of the indicator from its mean.