Bitcoin Puell ដកច្រើនចេញពីតំបន់ទិញ, សន្ទុះ Bull ដើម្បីធ្វើតាម?

On-chain data shows the Bitcoin puell multiple has started to leave the “buy” zone, a sign that the crypto may be heading towards bullish momentum.

Bitcoin Puell Multiple Has Gone Up In Value During Recent Days

ដូចដែលបានចង្អុលបង្ហាញដោយអ្នកវិភាគនៅក្នុងគ្រីបតូក្វាន់ ក្រោយ, the BTC puell multiple is currently breaking out of the historic buy zone.

"puell ច្រើន” is an indicator that measures the ratio between the daily miner revenues (in USD) and the 365-day moving average of the same.

What this metric’s value tells is how much Bitcoin miners are currently making compared to the average for the past year.

When the value of the indicator rises, it means miner revenues are going up right now. This leads to miners becoming more likely to sell and the price may be called “overvalued.”

ការអានដែលទាក់ទង | ទិន្នន័យលើខ្សែសង្វាក់៖ ត្រីបាឡែន Bitcoin ជាមួយនឹង 10k+ BTC ត្រូវបានកើនឡើង

On the other hand, decreasing values of the metric can suggest the price is becoming more undervalued as miner revenues are moving down.

Now, here is a chart that shows the trend in the Bitcoin puell multiple over the last several years:

The value of the metric seems to have observed some rise recently | Source: គ្រីបតូក្វាន់

As you can see in the above graph, the Bitcoin puell multiple was in the “buy” zone until just a little while ago.

Historically, this zone with indicator values less than 0.5 has been a sign that the price of the crypto is currently undervalued. Bear bottom formations have taken place here.

ការអានដែលទាក់ទង | អត្រាការផ្តល់មូលនិធិ Bitcoin នៅតែជាវិជ្ជមាន ការធ្លាក់ចុះបន្ថែមទៀតក្នុងពេលឆាប់ៗនេះ?

There is also an opposite area, the “sell” zone, which represents values of the multiple greater than 4. Naturally, BTC is overvalued in this region.

Very recently, the puell multiple has seen some uplift and has now just broken out of the green zone. During the past, this has usually been a sign that the crypto is now heading towards bullish momentum.

One thing should be noted, however, that in the past a breakout from the region doesn’t mean a rally would necessarily begin immediately. There could still be a few more months of buildup before a proper run can begin.

តម្លៃ BTC

នៅពេលសរសេរ។ តម្លៃរបស់ Bitcoin អណ្តែតនៅជុំវិញ $21.9k ធ្លាក់ចុះ 1% ក្នុងរយៈពេលប្រាំពីរថ្ងៃចុងក្រោយនេះ។ ក្នុងរយៈពេលមួយខែកន្លងមកនេះ គ្រីបតូបានកើនឡើង 3% នៅក្នុងតម្លៃ។

តារាងខាងក្រោមបង្ហាញពីនិន្នាការតម្លៃកាក់ក្នុងរយៈពេលប្រាំថ្ងៃចុងក្រោយនេះ។

Looks like the value of the crypto has sunk down during the last few days | Source: BTCUSD ស្តីពី TradingView

After holding above $22k for about a week, Bitcoin seems to have dipped below the level over the past 24 hours.

រូបភាពពិសេសពី Kanchanara នៅលើ Unsplash.com តារាងពី TradingView.com, CryptoQuant.com