Don't stake your crypto on anecdotes and one squiggly chart. Ask: where’s the second data point? One indicator isn’t proof. Prices swing on countless factors. For data-driven, cycle-wide insight—not hot takes—follow for unbiased market updates on this crypto cycle’s bull market!

Puell Multiple 
Red zone (> 4)
Miner revenues are 4-10× their norm → they start selling heavily → every major cycle peak (2011, 2013, 2017, 2021) happened up here.

Current Puell Multiple ≈ 2 — miners earn 2× their 365-day avg, nowhere near euphoric territory🔔

Your data-driven crypto market cycle progress tracker | All relevant, useful indicators and data points for pinpointing the crypto market cycle peak

Crypto Instinct

@cryptoinstinct