Puell Multiple Says Bitcoin Miners Don’t Want To Sell At This Level
The on-chain indicator Puell Multiple shows Bitcoin miners don’t have much incentive to sell at the current price level. Puell Multiple Values Are Still Relatively Low At The Current Level As pointed out by a CryptoQuant post, Puell Multiple values are still not too high, implying miners may not feel pressure to sell at the […]
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A fundamental Bitcoin signal, the Puell Multiple, suggests that it might be a great time to buy more based on past patterns. Puell Multiple Shows Bullish Signal? As pointed out by crypto analyst Lex Moskovski on Twitter, the puell multiple is down into the green zone again. The puell multiple is defined as the daily […]
A return to the peak of the 2017 bull market could signal “major macro highs” for Bitcoin, but this time, institutions are here, says analyst Philip Swift. Bitcoin (BTC) miners are selling less and less BTC, but if one metric is correct, they could soon start causing a major price correction.In an update on March 11, Philip Swift, creator of on-chain data resource LookIntoBitcoin, flagged familiar warning signs from the Puell Multiple.Developed by David Puell, the Puell Multiple tracks when miners are likely to start selling en masse in order to realize profits from participating in the....
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....
On-chain data shows the Bitcoin puell multiple has started to leave the “buy” zone, a sign that the crypto may be heading towards bullish momentum. Bitcoin Puell Multiple Has Gone Up In Value During Recent Days As pointed out by an analyst in a CryptoQuant post, the BTC puell multiple is currently breaking out of the historic buy zone. The “puell multiple” is an indicator that measures the ratio between the daily miner revenues (in USD) and the 365-day moving average of the same. What this metric’s value tells is how much Bitcoin miners are currently making....
On-chain data shows the Bitcoin Puell Multiple has been going up recently after having formed a possible bottom. Here’s what history says could happen next for the crypto’s price. Bitcoin Puell Multiple 100MA Has Bounced Off A Potential Cycle Bottom As pointed out by an analyst in a CryptoQuant post, BTC miners seem to be […]