Bitcoin’s Puell Multiple: Signals of Potential Market Bottom?

New insights from the Bitcoin Puell Multiple, a key metric indicating market trends, suggest potential for a bottom in the current market cycle. The metric shows that miner revenue is currently at 0.67, representing a discount zone. This level suggests reduced sell pressure on Bitcoin, potentially leading to market stabilization. While not an immediate signal of a price bottom, these low revenues offer optimism for investors.