Crypto界网消息,cryptocurrency analyst Lark Davis指出,Bitcoin Puell Multiple indicator shows miners are under pressure, and the market is approaching the bottom of this cycle. The indicator measures profitability by tracking the ratio of miners' daily revenue to the 365-day moving average, with low miner income and selling of BTC usually corresponding to cycle lows. Lark Davis stated that although the indicator has not yet entered the green oversold zone, signs of miner pressure have appeared, and whether $59k can hold as the bottom of this cycle will be revealed in the coming months.

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ThereAreCatsInTheContract.
· 1h ago
Cycle bottom signals have appeared, but the bottom itself still needs a few more months of grinding. Be patient.
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GateUser-af0710ba
· 4h ago
If 59k can't be maintained, it will be awkward.
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PublicBlockchainUnderTheAurora
· 4h ago
Miner income is sluggish + selling off, the classic script is back again
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FogValleyBlueLake
· 4h ago
Waiting for a green oversold zone, but it's probably a bit early to enter now.
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ZenOfZK
· 4h ago
The Puell Multiple indicator is quite accurate; it has hit the bottom several times before.
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WhirlpoolInATeacup
· 4h ago
Miner selling pressure is indeed a signal
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