Bitcoin’s Puell Multiple rose to 0.96 on Aug. 22, up 0.2 from a week earlier and marking its highest level in nearly three months. The metric tracks changes in Bitcoin’s daily issuance value versus its 365-day moving average and is often used to gauge miner revenue and market cycles. At the same time, miner holdings stood at about 1.1919 million BTC, down 46 BTC from a week earlier, while the 7-day moving average hash rate reached about 905 EH/s, up roughly 10.14 EH/s over the same period. The figures were cited by Digital Asset.
Bitcoin’s Puell Multiple rose to 0.96 on Aug. 22, up 0.2 from a week earlier and reaching its highest level in nearly three months.
The Puell Multiple measures how Bitcoin’s daily issuance value compares with its 365-day moving average. It is often used to track miner revenue and market cycles.
At the same time, Bitcoin miner holdings stood at about 1.1919 million BTC as of Aug. 22, down 46 BTC from a week earlier.
Bitcoin’s 7-day moving average hash rate was about 905 EH/s, up roughly 10.14 EH/s from a week earlier.
The data were reported by Digital Asset.
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