Grizzly2022-07-25

Puell Multiple is leaving the buying zone

This metric, which is related to miners' revenue, is currently moving out of the green zone. When this index enters this zone, it means Miner's revenue decreases significantly compared to the cost they put in. In other words, this could indicate that the price is undervalued. Based on historical data, the breakout from this zone was accompanied by gaining bullish momentum in the price chart.