The Puell Multiple is an on-chain metric that assesses whether miners are selling Bitcoin cheap or expensive compared to the 1-year average. This is one of the tools that helps identify market peaks.
🔍 1. How does the Puell Multiple work?
✨Low green zone → miners are selling cheap, low revenue → the market is undervalued → buying opportunity.
✨High red zone → miners are selling at a very 'good price' → miners' revenue increases significantly → often coincides with market peaks.
📊 The current chart shows:
✨The Puell Multiple index is fluctuating around ~1.0–1.2, which is not too low, but has not yet reached the 'danger red' level.
✨In previous cycles, major peaks (2013 – 2017 – 2021) were all accompanied by indicators spiking into the red zone (from 4–10+).
✨Currently has not reached that zone, meaning:
✨The market is not at the final peak of the cycle
✨Miners are still in a maintenance phase, neither selling off strongly nor selling at the peak
🧠For beginners
✨Not a bottom buying zone → Puell has not fallen into the green channel.
✨Not a long-term peak zone → Not reached the red channel.
✨This is a transitional & sensitive area, where the market is prone to volatility:
🔥 Tip:
✨Light DCA if long-term
✨Avoid strong FOMO into altcoins
✨Prioritize major assets like BTC & ETH
✨Monitor miner behavior → when revenue spikes = risk selling pressure
🛑 THIS POST IS NOT INVESTMENT ADVICE, FRIENDS PLEASE REFER AND ALWAYS STAY CALM IN THE MARKET. 😘
#BTC #OnChainAnalysis #PuellMultiple #MarketUpdat #az_blockchain
