Traders generally use the Puell Multiple index to estimate the health of miner revenues. For example, a high Puell Multiple may indicate low selling pressure, while a low Puell Multiple may indicate high selling pressure.

As of the time of writing, according to Bitbo data, the Puell Multiple is showing 0.69 points. When Bitcoin reached its all-time high of $73,679 on March 13, the Puell Multiple was 1.88. According to CoinMarketCap data, Bitcoin is currently trading at $58,416, with a 8.98% decrease in the past seven days.
The Puell Multiple, which was not frequently used in the past, has started to be taken more into account after the BTC ATH. Crypto investors and analysts are currently paying attention to the Puell Multiple for BTC price analysis.#HotTopicDiscussion