BTC Realized Mayer Multiple: 0.986
Compares the average price bitcoin owners paid against its own 200-day average, showing whether that cost is climbing unusually fast. Every point shown is real up to the date on the badge above the chart.
Take the average price bitcoin owners paid (its formal name is the realized price) and divide it by its own average over the last 200 days. It answers one question: is the market's average cost **rising** faster or slower than it recently has been?
Above 1.0 means coins are changing hands well **above** the market's older cost, which happens during strong rallies. Below 1.0 means the average cost is drifting down as people sell at a loss.
For example, 1.15 means the average price owners paid is 15% higher than its own 200-day average — in past cycles those readings came during the excited late phase. Readings around or **below** 1.0 have come during the flat, quiet stretches when patient buyers build positions.
In words: the average price owners paid, divided by the average of that same figure over the previous 200 days. Computed in-house from our own Bitcoin node's realized cap — the value of every coin at the price it last moved at, which can only be obtained by reading the whole chain.
Every point on screen is real and complete up to the date on the badge **above** the chart. The outside feed that supplied them is switched off for good; our own Bitcoin node — a full copy of the blockchain that we run ourselves — is recounting this series from the very first block, and new points resume once that finishes.
It is a slow line divided by an even slower version of itself, so it turns late and can **never** pinpoint a day.
bitcoin-data.com (BGeometrics) supplied every point on this chart, and each one is real up to the snapshot date shown. Safu switched that feed off for good because its licence does not let us republish the data, so no newer days and no older days will arrive from it — no paid key and no purchased history are planned. Safu's own Bitcoin node is re-reading the blockchain from 2009 to rebuild this history. Feed no longer used.
History from bitcoin-data.com (no longer collected) · daily points, 2022+ · historical snapshot, no longer updating