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

BlockBeats News, November 27th, according to analyst @ali_charts, since 2015, the Puell Multiple has always marked the bottom of the Bitcoin cycle, and when it drops below 0.50, the Bitcoin price bottoms out. It is now at 0.67.

Note: The Puell Multiple, created by Glassnode, is calculated by dividing the daily Bitcoin issuance to miners by its 365-day moving average.