$BTC BTC Puell Multiple Signals Caution After Recent Highs
Back in October 2024, you were all-in on a new #BTC ATH—and it delivered, climbing from $60K to $110K. 📈 But the #BTC Puell Multiple tells a different story. While price hit a higher high, the indicator failed to follow suit, forming a lower high—a classic bearish divergence.
Historically, this setup has appeared just twice: at the 2013 and 2021 cycle tops. For #BTC bulls, it’s a red flag worth pondering. The Puell Multiple often reflects miner revenue stress versus price action, so this divergence could hint at weakening momentum despite the rally.
Are you rethinking your position, or still holding out for more upside catalysts? What else are you watching to confirm the trend?
Back in October 2024, you were all-in on a new #BTC ATH—and it delivered, climbing from $60K to $110K. 📈 But the #BTC Puell Multiple tells a different story. While price hit a higher high, the indicator failed to follow suit, forming a lower high—a classic bearish divergence.
Historically, this setup has appeared just twice: at the 2013 and 2021 cycle tops. For #BTC bulls, it’s a red flag worth pondering. The Puell Multiple often reflects miner revenue stress versus price action, so this divergence could hint at weakening momentum despite the rally.
Are you rethinking your position, or still holding out for more upside catalysts? What else are you watching to confirm the trend?