Is This The Most Reliable BTC Bottom Signal?

Published on: August 15th, 2022

Is the Puell multiple giving us a bottom signal? So, what exactly is the Puell multiple? Well, it’s the daily issuance of BTC (in USD) divided by the 365-day moving average of the daily issuance of BTC (in USD). In other words, it compares the short-term revenue of BTC miners to its longer term trend. A lower score equates to lower revenue for miners.


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