🔵The Puell Multiplier is an indicator that helps miners determine the optimal time to sell mined bitcoins. It is calculated as the ratio of daily mining revenue to its 365-day moving average.
🔵If the multiplier value is above 4, it is profitable for miners to sell bitcoins, as the price significantly exceeds mining costs. However, if the value is below 0.5, it might be time to consider reducing active mining. As of early October 2024, the multiplier stands at 0.8, indicating unfavorable conditions for selling BTC.