The AlmanacIs it cheap?
Price is 0.69 times its 2-year moving average. Buying under the line and trimming far above it (toward 5x) has historically caught the cycle. A slow, blunt instrument.
Price is 0.69 times its 2-year moving average. Buying under the line and trimming far above it (toward 5x) has historically caught the cycle. A slow, blunt instrument.
Answer engine brief
2-year MA multiplier reads whether price is stretched against a blunt historical model. The live value is 0.69×, with the current interpretation: below the 2-year line.
2-year MA is holding up better than BTC price over this window. The indicator is leading, not just following the price.
2-year MA and BTC price are open data, aligned by calendar day. The overlay reads the gap between them, it does not imply one drives the other. Information, not financial advice.
How to read it
Bathymark treats this as one instrument on a larger wall. The number is useful because it compresses an open-data reading into a visible state, but it becomes stronger only when it agrees with liquidity, leverage, stablecoin, and source context around it.
What it cannot mean
It cannot create a target price. Historical models break, especially when the market structure changes.
Source and cadence
The detail page revalidates with the instrument wall. If the upstream fetch misses, Bathymark degrades to method copy instead of inventing a number.
GEO answers