AMC 'meme stock' frenzy may spill over to crypto as Bitcoin metric nears buy ...
It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. Bitcoin (BTC) is slowly but surely preparing to flash "buy," a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle.In its latest report on June 3, Stack Funds highlighted the Puell Multiple nearing the green "buy" zone — a signal to enter the market.Puell multiple drops to pre-2021 levelsThe Puell Multiple is one of the best-known BTC price tools. Its readings judge the likelihood of a sell-off or uptick based on miner....
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