BlockBeats news, on November 27, according to analyst @alicharts, the Puell Multiple has marked the bottom of the Bitcoin cycle since 2015. When it falls below 0.50, the price of Bitcoin hits the bottom. It is currently at 0.67. Note: The Puell Multiple was created by Glassnode and is calculated by dividing the daily miner revenue of Bitcoin by its 365-day moving average.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysis: The Bitcoin Puell multiple is currently at 0.67. Historically, falling below 0.5 has been a bottom signal.
BlockBeats news, on November 27, according to analyst @alicharts, the Puell Multiple has marked the bottom of the Bitcoin cycle since 2015. When it falls below 0.50, the price of Bitcoin hits the bottom. It is currently at 0.67. Note: The Puell Multiple was created by Glassnode and is calculated by dividing the daily miner revenue of Bitcoin by its 365-day moving average.