** A quant analyst named Frank recently pointed out that even if Bitcoin hits $103,000, it might not be as overpriced as it seems—at least according to the Mayer Multiple, a metric comparing Bitcoin’s current price to its 200-day average. Right now, the indicator suggests Bitcoin’s price isn’t wildly out of line with historical trends, meaning the rally could still have room to run before hitting "overheated" territory.

What This Mean: ** For crypto investors, this is a useful reality check. The Mayer Multiple helps gauge whether Bitcoin’s price is getting ahead of itself or if there’s still rational momentum behind the surge. If the indicator’s right, the current rally might not be a bubble just yet—but as always in crypto, past performance doesn’t guarantee future results. Keep an eye on those metrics.