@stewbits22 27 May 2021 more from that month

What is the Puell Multiple? It is a formula that predicts when Bitcoin miners are forced to sell Bitcoins to cover their operating costs. It takes the daily issuance value of Bitcoin, so not just the daily price but dailly price multiplied by the number of Bitcoin mined on that day divided by the last 365 days average value. This value is calculated daily and plotted on a chart. When the ratio dips really low has always been the best time to buy Bitcoin. Full explanation here. https://medium.com/unconfiscatable/the-puell-multiple-bed755cfe358