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To accurately forecast long-term macro trend pivots in $BTC
, traders must combine institutional on-chain data with historical cyclical indicators. Today, we dive into the mechanics of the Puell Multiple and explore how it signals major market shifts. 📊
The Puell Multiple: This metric measures the ratio of daily coin issuance value to its 365-day moving average. Historically, it serves as an incredibly accurate tool for identifying market cycles. When the multiple dips into the lower green zone, it indicates severe miner revenue stress—a phase where inefficient operations capitulate, marking major cyclical accumulation floors. ⛏️💚
The Whale Footprint: Currently, this fundamental indicator aligns with a sharp surge in on-chain whale transaction counts. High-net-worth wallet addresses are executing massive volume spikes, moving significant spot supply out of exchange wallets. 🐋📈
The Technical Confirmation: This institutional behavior is validated by the Money Flow Index (MFI) on the daily chart. The MFI, which incorporates both price action and volume to track capital inflows, has entered an oversold bounce posture from below 25. This technical setup indicates strong accumulation behind the scenes. As the programmatic protocol managed by @Bitcoin.com continues its tightening path, watching these whale volume footprints helps you stay ahead of the crowd. 🚀💎 @Binance Earn Official
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