BlockBeats news, on September 1, CryptoQuant analyst Grizzly wrote that historical data shows that the range of the Bitcoin Puell Multiple Index between 0.6 and 0.8 can be described as the "Decision Zone."
Analysis of trends over the past decade shows that when the index falls below the 0.6 threshold, it usually represents an ideal opportunity for a dollar cost averaging (DCA) strategy.
On the contrary, historically, breaking through the 0.8 level has been associated with bullish market behavior, often pushing Bitcoin prices to all-time highs. Currently, the Puell Multiple Index fluctuates between these two critical levels. If the historical pattern remains unchanged, the bearish scenario of the index falling below 0.6 could once again present investors with a "favorable" buying opportunity.
