Bitcoin

Puell multiple

What miners earned today, against their own yearly average.

Price$80.9K
×0.50×1.00×2.00×4.002024 halving202405 Sept 202204 Sept 202404 Sept 2026

Miners sell to pay for power. When issuance is worth a fraction of its yearly average they are under pressure — which has coincided with the deepest lows.

updates dailyBitview

Puell multiple

What miners earned today, against their own yearly average.

Free public feeds, aggregated and computed in-app. Context, not advice.

Your own position on this chart

Free public feeds, aggregated and computed in-app. Context, not advice.

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Sourcesalternative.meBlockchain CenterLookIntoBitcoinBlock HorizonCoinglassmempool.spaceCoinGeckoBlockchain.comBitviewstrategytracker.comPrice data powered by CoinGecko

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Per-source terms. Price and market-cap data is used under CoinGecko's API terms and carries the required “Powered by CoinGecko” notice. The Fear & Greed index is alternative.me's and is displayed with attribution next to the data, as its terms require. Block-height figures come from mempool.space's open API.

In-app series. The indicator series — rainbow bands, Pi Cycle, Mayer Multiple, 2-Year MA, 200-week heatmap, Stock-to-Flow, power law, calendar returns, the supply map and the liquidation-cluster estimate — are computed by Perly from cached prices using publicly documented methodologies. Links to LookIntoBitcoin, Blockchain Center, Bitbo and others credit the method's origin; the computed series themselves are ours and can be wrong.

No advice. Everything here is descriptive statistics about the past. Nothing on this page is financial advice or a recommendation to buy or sell anything.