Puell Multiple sako Bitcoin Kalnakasiai nenori parduoti tokiu lygiu

By Bitcoinist - prieš 2 metus - Skaitymo laikas: 2 minutės

Puell Multiple sako Bitcoin Kalnakasiai nenori parduoti tokiu lygiu

The on-chain indicator Puell Multiple shows Bitcoin miners don’t have much incentive to sell at the current price level.

Puell Multiple Values Are Still Relatively Low At The Current Level

Kaip nurodė CryptoQuant paštu, Puell Multiple values are still not too high, implying miners may not feel pressure to sell at the current price level.

"„Puell Multiple“” is a famous Bitcoin indicator that estimates how much profit mining pools are currently in compared to the one year historical average.

The metric’s value is calculated by taking the ratio between the daily value of an issued coin and the 365-day moving average of the same.

With the help of the indicator, it becomes possible to know whether kalnakasiai are likely to sell at a particular level or not.

When the Puell Multiple assumes very high values, the price usually starts to top out as miners sell off their Bitcoin. On the other hand, low values may be seen during periods of bottoms.

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Now, here is a chart that shows the trend in the value of the indicator over the past few years:

The Puell Multiple seems to be relatively low at the moment | Source: „CryptoQuant“

As the above graph shows, the peaks formed by the indicator seem to have coincided with the tops in Bitcoin kaina.

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However, the current Puell Multiple values are still relatively low despite the recent rise in the price of the cryptocurrency.

During May, when Bitcoin was in the same price levels as it is now, the indicator’s values were much higher. This may imply that miners feel much less pressure to sell right now than they did the last time BTC hit $65k.

Bitcoin Kaina

Rašymo metu BTC kaina svyruoja apie 58.9 tūkst. USD, o per pastarąsias septynias dienas sumažėjo 10 proc. Per pastarąsias trisdešimt dienų kriptovaliuta prarado 3% vertės.

Žemiau esančioje diagramoje parodyta kainų tendencija Bitcoin per pastarąsias penkias dienas.

BTC's price mostly moves sideways in the past few days | Source: BTCUSD „TradingView“

After setting a new all-time high around $69k, Bitcoin has drifted downwards, reaching as low as $55k. The coin has showed no signs of recovery yet as it has mostly consolidated in the past few days. It’s unclear at the moment when the coin might break out of this range bound environment, or which direction it might go in.

However, if the Puell Multiple is anything to go by, the coin may not have yet formed a top, and could still have potential to grow before a real peak.

Teminis vaizdas iš Unsplash.com, diagramos iš TradingView.com, CryptoQuant.com

Originalus šaltinis: Bitcoinyra