Understanding Bitcoin’s Puell Multiple Decline

Bitcoin’s Puell Multiple serves as a key metric for assessing the market sentiment surrounding BTC. Essentially, it compares the daily issuance value of Bitcoin with its 365-day moving average. When the Puell Multiple declines, it suggests that BTC’s daily issuance value is lower than the annual average, indicating potential undervaluation and often preceding a period where investors seize the opportunity to buy BTC at lower prices.&middot

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