Bitcoin
What the Bitcoin Puell Multiple Measures
TokenPost·October 5, 2026·1 min read
The Bitcoin Puell Multiple divides daily mining revenue in U.S. dollars by its 365-day moving average. A value above 1 means daily revenue exceeds that average, signaling potentially overvalued conditions. Miners' selling pressure and market cycles are often analyzed using this metric to gauge Bitcoin's price trends.
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