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Is This The Most Reliable BTC Bottom Signal?
In July 2022, the Puell multiple, one of the most reliable bottom signals for BTC, fell to 0.34....So, what exactly is the Puell multiple?...Since 2014, the Puell multiple has gone below 0.50 only 4 times: during the previous market bottoms of...Even as the Puell multiple seems to indicate a market bottom, other indicators must be used in tandem...
3 Min
Macro & Markets
Aug 2022
Monthly Chartbook - The End of The Summer Doldrums
As outlined in last month’s chartbook, the Puell Multiple is defined as the ratio between the daily issuance...In other words, the Puell Multiple compares the difference between short-term BTC miner revenue to that...
24 Min
Macro & Markets
Sep 2022
Monthly Chartbook - Crypto vs. Macro Battle Heats Up
The Puell Multiple is defined as the ratio between the daily issuance of BTC (in USD) divided by the...In other words, the Puell Multiple compares the difference between short-term BTC miner revenue to that...The Puell Multiple has proven itself to be one of the most reliable macro bottoming signals for BTC.
22 Min
Macro & Markets
Aug 2022
Stablecoins In Smart Contracts, Axie Infinity Explodes, Uniswap Grows DEX Dominance
Puell Multiple Reaches Lower Band The Puell Multiple is calculated by dividing the daily issuance value...Historically, when the Puell Multiple has reached the lower band (<0.5), it has historically presented...
3 Min
DeFi
Jun 2021
Is the Bitcoin Bull Run Over?
Realized value was conceptualized by David Puell and Murad Mahmudov, and it values the Bitcoin network...
4 Min
DeFi
Jun 2021