Bitcoin Puell Multiple at 0.67: Historical Bottom Indicator Remains Above 0.50 Threshold

COINOTAG News, November 27 — according to analyst @ali_charts, the Puell Multiple has historically flagged the cycle bottom for Bitcoin since 2015, with readings under 0.50 linked to price troughs. The latest reading stands at 0.67, signaling investors are watching the pattern closely.

Developed by Glassnode, the Puell Multiple is calculated by dividing the daily Bitcoin issuance to miners by its 365-day moving average, providing a market-wide sentiment gauge.

For traders and institutions, the metric offers a reference point for on-chain strength. While a 0.50 threshold has been noted as a potential floor in past cycles, caution is advised as no single indicator guarantees price direction. Ongoing monitoring of Puell Multiple alongside broader on-chain signals is advisable.