Data: CryptoQuant: BTC Puell Multiple falls into discount zone, historic signal may indicate market bottom formation.

According to Mars Finance news, CryptoQuant has stated in an analysis that the Bitcoin Puell Multiple indicator has dropped into the discount zone, a level last seen in March 2025, when the Bitcoin price was around $75,000. This indicator reflects the market valuation status by comparing Miner Day income with annual average income. The current indicator is below 1, indicating that Miner income is below normal levels, which may pose financial pressure. Historical data shows that all major market correction reversals began in these discount areas, although it does not guarantee an immediate bottom, it statistically suggests significant bottoms during Bitcoin bull run cycles. Analysts believe that the current market is entering a stage of reduced risk and increased upside potential, and this pessimistic sentiment often nurtures a new upward trend.