You're a hardcore #Bitcoin miner if you know what the Puell Multiple is!
This fascinating crucial metric divides the daily issuance value of bitcoins (in USD) by the 365-day average, spotlighting the supply side of Bitcoin's economy.
This tool is invaluable for understanding market cycles from a mining revenue angle, considering miners are often compelled to sell #Bitcoin to cover costs in a volatile market.
The Puell Multiple reveals the strategic times to ac
Historical trends show entering the green zone signals a period of undervaluation, offering high return opportunities for buyers 🟢
The red zone, conversely, suggests overvaluation, ideal for profit-taking 🔴
As a forecasting tool, the Puell Multiple's red band indicates when miner revenues are significantly higher than the norm 🔮
These periods often correlate with #Bitcoin price peaks, offering a predictive glimpse into market highs and lows 📈
Whether you're mining or investing, understanding the Puell Multiple can guide you towards more informed decisions, maximizing potential returns in the ever-fluctuating world of #Bitcoin 🛠️