$BTC ##$BTC ,The Puell Multiple indicator falling after the Bitcoin halving event is a phenomenon that may have a number of implications and implications for the market.
Halving occurs approximately every 4 years, halving the mining reward per block, directly affecting miners' income.
When rewards decrease, miners' daily revenue also plummets, unless the price of Bitcoin grows enough to compensate for this decrease.
A reduction in new Bitcoin supply could create upward pressure on prices, especially if demand continues to increase. Investors could interpret the drop in the Puell Multiple as a sign that the market is adjusting to a new phase of scarcity, potentially preparing for a recovery.
Therefore, this phenomenon could signal a correction period in the mining market, affecting the supply and demand of Bitcoin and possibly causing large price fluctuations in the future.
