According to ChainCatcher, CryptoQuant analyst Grizzly wrote that historical data shows that the range of Bitcoin's 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 often represents an ideal opportunity for a dollar-cost averaging (DCA) strategy. Conversely, a break above the 0.8 level has historically been associated with bullish market behavior, often pushing Bitcoin prices to new all-time highs.
Currently, the S&P Multi-index is fluctuating between these two critical levels. If the historical pattern holds true, a bearish scenario where the index drops below 0.6 could again present a favorable buying opportunity for investors.
