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Analysis: Bitcoin Puell Multiple is currently at 0.67, historically dropping below 0.5 has been a bottom indicator.

2025.11.27 09:26:06

On November 27th, according to analyst @ali_charts, since 2015, the Puell Multiple has consistently indicated the bottom of the Bitcoin cycle. When it drops below 0.50, the Bitcoin price bottoms out. Currently, it is at 0.67. Note: The Puell Multiple, developed by Glassnode, is calculated by dividing the daily Bitcoin issuance to miners by its 365-day moving average.
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