According to Digital Asset, as of August 22, Bitcoin's Puell Multiple has risen to 0.96, up 0.2 from a week ago, marking the largest weekly increase in about three months since May. The Puell Multiple measures miners' revenue relative to historical levels by comparing Bitcoin's daily issuance value to its 365-day moving average. It is commonly used to observe miners' profitability and market cycles. During the same period, Bitcoin miners' holdings were approximately 1.191 million BTC, a decrease of 46 BTC compared to a week ago. The 7-day moving average of the total network hashrate was around 905 million TH/s, an increase of about 10.14 million TH/s from the previous week. This indicates that Bitcoin's network hashrate has continued to recover recently, while miners' holdings have seen limited overall changes. https://(wublock123.com)/news/bitcoin-puell-multiple-rises-to-0-96-weekly-gain-largest-in-3-months-67053