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.