The bearish trend in BTC will last at least another 100 days.
The Puell Multiple indicator has been in the discount zone for three months now – since November 2025. Historically, Bitcoin remains in this range for about 200 days, we have only gone halfway.
Additionally, small BTC miners are forced to shut down their equipment and capitulate to cover expenses, increasing pressure from sellers.
The Puell Multiple indicator has been in the discount zone for three months now – since November 2025. Historically, Bitcoin remains in this range for about 200 days, we have only gone halfway.
Additionally, small BTC miners are forced to shut down their equipment and capitulate to cover expenses, increasing pressure from sellers.