Skip to main content
Ripper Wealth

WEALTH CYCLES • ON-CHAIN DATA

On-chain cycle indicators (Bitcoin)

Four Bitcoin indicators with their definition, formula, the latest stored value and the range in the data we hold.

Data as of 2026-10-30 (newest stored daily value). Source: CoinGecko price, market cap and stablecoin data, stored in the Ripper Wealth database.

Factual information only. This page shows definitions, formulas and figures computed from public data or your own inputs. It contains no recommendation or opinion about any product. Ripper Wealth does not hold an AFS licence and does not give financial product advice.

The author has invested in various asset classes. Nothing on this page is a recommendation.

Mayer Multiple

How far the Bitcoin price sits from its 200-day average price.

1.07

Formula
BTC price ÷ 200-day simple moving average of the BTC price
Range in the data we hold
0.69 to 1.23, recorded since 2025-05-07 (542 daily values)
Source
computed by Ripper Wealth from CoinGecko data
As of
2026-10-30

Market Cap Z-score

How many standard deviations Bitcoin market capitalisation sits from its 2-year average.

0.14

Formula
(BTC market cap − 2-year rolling mean) ÷ 2-year rolling standard deviation
Range in the data we hold
-3.05 to 1.61, recorded since 2025-09-14 (394 daily values)
Source
computed by Ripper Wealth from CoinGecko data
As of
2026-10-30

Puell Multiple

The US dollar value of newly issued bitcoin per day, relative to its one-year average.

1.02

Formula
Daily issuance (BTC) × BTC price ÷ 365-day moving average of that value
Range in the data we hold
0.62 to 1.18, recorded since 2025-09-14 (394 daily values)
Source
computed by Ripper Wealth from CoinGecko data
As of
2026-10-30

Stablecoin supply (USDT + USDC)

Combined market capitalisation of the two largest US-dollar stablecoins.

251.5 bn

Formula
USDT market cap + USDC market cap, in US$ billions
Range in the data we hold
202.2 bn to 264.7 bn, recorded since 2025-03-19 (432 daily values)
Source
CoinGecko market data
As of
2026-10-30

How to read these figures

Each value is the result of the formula shown, applied to the stored daily data. The range covers only the period we hold (from the first date shown); it is not a full market-cycle range, so no percentile is given.

For where each asset sits within its own price history, see the See It page.

Page Feedback