$BTC miners just got their first real breather in 11 months.
Puell Multiple, daily issuance value versus its 365-day average, saw the 7-day mean cross back above 1.00 around Oct. 4 at about 1.07.
The gauge had sat under 1.00 since roughly November 2025 and bottomed at 0.64 on Feb. 24.
Above 1.00 eases forced miner selling. The print is barely through, and 2.00 is the next level they are watching.
#BTC Price Analysis# #Bitcoin #Crypto#
Puell Multiple, daily issuance value versus its 365-day average, saw the 7-day mean cross back above 1.00 around Oct. 4 at about 1.07.
The gauge had sat under 1.00 since roughly November 2025 and bottomed at 0.64 on Feb. 24.
Above 1.00 eases forced miner selling. The print is barely through, and 2.00 is the next level they are watching.
#BTC Price Analysis# #Bitcoin #Crypto#