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There's another underlooked metric that has consistently marked Bitcoin's bear market bottoms.
That is the BTC Puell Multiple.
Won't get technical, but it takes a look at the supply side of Bitcoin, through its miners and their revenue.
Each bear market bottom, from 2011, 2015, 2019, and 2022, has been signaled by the Puell Multiple reaching 0.30-0.40.
Right now, we're at 0.58.
Close, but not quite there yet. Still good to pay attention every once in a while.