Bitcoin Puell Multiple Starts To Leave Bear Market Zone, Bull Rally Here?

On-chain data shows the annual rate of change in the Bitcoin Puell Multiple has exited the bear market zone, a sign that a bull rally may be here.
Bitcoin Puell Multiple 365-Day Rate Of Change Has Shot Up
As pointed out by an analyst in a CryptoQuant post, this could be one of the first indications of the return of the bull market. The “Puell Multiple” is an indicator that measures the ratio between the daily Bitcoin mining revenue (in USD) and the 365-day moving average (MA) of the