The amount by which the current price of a coin or asset must be doubled to reach its Break-Even Point (BEP) is known as the breakeven multiple. The initial acquisition cost that a trader or investor pays is known as the breakeven point (including trading fees). To liquidate their positions without making a profit or loss, a trader needs the market price of an asset to climb above the price paid to break even.
For instance, if a trader buys a coin at a $10 market price per unit and it drops to $5, he would need that coin’s value to climb by 100% to return to his initial investment. The breakeven multiple in this situation would be 2.
The number by which a cryptocurrency (or any other asset) must increase to achieve its prior All-Time High is also referred to as the Breakeven Multiple (ATH). For example, consider a cryptocurrency that, at its all-time high (ATH), was $1,000 but is currently trading for $250 (a 75% decrease). The breakeven multiple in this instance is 4, as a 4-fold gain (300% increase) is required to get the price back to its peak.
