Top Tweets for #PUELLMultiple

bitcoin puell multiple at 0.51. that reading has marked the exact cycle bottom 5 out of 5 times in the last decade. 2022 it hit 0.42 at $15.5k. 2020 it hit 0.39 at $3.8k. now pair it with the 11th largest difficulty drop in bitcoin's entire 15-year history at -10%. hashrate down 23% from october peak means the weakest miners already flushed their BTC. 450 BTC/day in forced miner selling is ending. difficulty relief makes surviving operations profitable again immediately. five independent capitulation signals converging at once and the 7:1 short ratio is just sitting there waiting to get torched