As of June 22, the indicator, which shows how far below the 200-day moving average (DMA) current spot price is, is hinting that return on investment rarely gets better.
At 0.5, the Multiple is 50% below the 200 DMA, and has been lower just 2% of Bitcoin’s lifetime.
“Macro-economic conditions are different this time but good to keep an eye on,” crypto entrepreneur Kyle Chasse commented on the figures.
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