Skip to Sidebar Skip to Content
The Markets Unplugged · Data in. Conviction out.
Anonymous

  • Sign in
  • Home
  • Dashboard
    • - Member Videos
    • - Market Analysis
    • - DCA Targets
    • - Unplugged Picks
    • - Private Telegram Group
    • - Social Feed
  • YouTube
    • - Start Smart TA
    • - Start Smart FA
    • - Macro For Beginners
    • - Crypto Glossary
    • - DCA Calculator
    • - On-Chain Indicator Lab
    • - Bubble Rotation Map
    • - The Delta Engine Roadmap
    • - Plans and Pricing
    • - FAQ
    • - Contact
  • Our Journey
  • Library
Tags
  • Bitcoin Onchain
  • Crypto Beginners
  • Crypto Alpha News
  • Market Analysis
  • Bitcoin Onchain
  • Crypto Beginners
  • Crypto Alpha News
  • Market Analysis
  • X
  • Sign up
  • Privacy
  • Terms of Use
  • Terms & Conditions
  • Disclosures
  • Editorial Policy
  • Fuel The Alpha
© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

Bitcoin 104k Heat Check With Mayer Multiple And Pi 111 350

  • Doc by Doc
    Doc Doc
    On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
    • Website
    • X
  • •
  • November 4, 2025
  • •
  • 3 min read
  • Share on X
  • Share on Facebook
  • Share on LinkedIn
  • Share on Pinterest
  • Email
Bitcoin 104k Heat Check With Mayer Multiple And Pi 111 350
Photo by Zoltan Tasi / Unsplash
  • Bitcoin Onchain
On this page
Unlock full content

Market Context

Price turbulence has unsettled timelines, but the on-chain temperature remains cooler than the chatter. Bitcoin sits close to 104k after a volatile fortnight. My aim here is simple. Is this move overheated or just a reset, and what needs to change for continuation.

This post is for paying subscribers only

Become a member now and have access to all posts and pages, enjoy exclusive content, and stay updated with constant updates.

Become a member

Already have an account? Sign in

Doc Doc
On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
  • Website
  • X

Read Next

The reset call resolved, and the test for the week ahead 2 min read

The reset call resolved, and the test for the week ahead

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 22, 2026 • oz-updates • quick-take
This week's members video is live 1 min read

This week's members video is live

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 21, 2026 • oz-updates • quick-take
KAIROS: every window's track record, at a glance 1 min read

KAIROS: every window's track record, at a glance

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 21, 2026 • oz-updates • quick-take
Tonight: what I said last week, and what happened 1 min read

Tonight: what I said last week, and what happened

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 21, 2026 • Market Analysis
What order flow tells you about Bitcoin that price doesn't 15 min read

What order flow tells you about Bitcoin that price doesn't

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 21, 2026 • oz-updates • macro-read
It resolved in seven days 2 min read

It resolved in seven days

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 21, 2026 • oz-updates • quick-take
Everything is low. The small end is moving fastest. 2 min read

Everything is low. The small end is moving fastest.

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 19, 2026 • oz-updates • macro-read
Bitcoin's four year cycle is a liquidity cycle wearing a halving costume. 11 min read

Bitcoin's four year cycle is a liquidity cycle wearing a halving costume.

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 18, 2026 • oz-updates • macro-read
Two headlines, one that matters and one that does not 3 min read

Two headlines, one that matters and one that does not

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 16, 2026 • oz-updates • quick-take
The count reset. I'm more bullish than I was. 2 min read

The count reset. I'm more bullish than I was.

Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Oz
Oz Oz
Co-founder and lead technical analyst at The Markets Unplugged. Leads technical, macro, and cycle analysis, and builds the timing and macro frameworks behind TMU's premium research. Instructor on the Cycle Intelligence course.
  • Website
  • X
Sep 14, 2026 • oz-updates • quick-take

Subscribe to Newsletter

Please check your inbox and click the confirmation link.
© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect
  • Sign up
  • Privacy
  • Terms of Use
  • Terms & Conditions
  • Disclosures
  • Editorial Policy
  • Fuel The Alpha
The Markets Unplugged · Data in. Conviction out.
  • Home
  • Dashboard
    • - Member Videos
    • - Market Analysis
    • - DCA Targets
    • - Unplugged Picks
    • - Private Telegram Group
    • - Social Feed
  • YouTube
    • - Start Smart TA
    • - Start Smart FA
    • - Macro For Beginners
    • - Crypto Glossary
    • - DCA Calculator
    • - On-Chain Indicator Lab
    • - Bubble Rotation Map
    • - The Delta Engine Roadmap
    • - Plans and Pricing
    • - FAQ
    • - Contact
  • Our Journey
  • Library
Tags
  • Bitcoin Onchain
  • Crypto Beginners
  • Crypto Alpha News
  • Market Analysis
  • X
  • Sign up
  • Privacy
  • Terms of Use
  • Terms & Conditions
  • Disclosures
  • Editorial Policy
  • Fuel The Alpha
© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect
About Contact Methodology Privacy Terms of Use Terms & Conditions Disclosures Editorial Policy © 2026 The Markets Unplugged Education and Media Limited