Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says

On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently. Here’s what this may mean for the current rally.
Bitcoin Puell Multiple Has Risen To High Levels In Recent Days
As pointed out by an analyst in a CryptoQuant post, the Puell Multiple is currently at even higher levels than those seen during the 2021 bull run top. The “Puell Multiple” is an indicator that measures the ratio between the daily revenue of the Bitcoin miners and the 365-day average v