{"id":532863,"date":"2023-05-15T19:20:22","date_gmt":"2023-05-15T19:20:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=532863"},"modified":"2024-06-11T08:11:08","modified_gmt":"2024-06-11T08:11:08","slug":"bitcoin-rally-already-hit-top-puell-multiple-says","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","title":{"rendered":"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says"},"content":{"rendered":"

On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently. Here’s what this may mean for the current rally.<\/p>\n

Bitcoin Puell Multiple Has Risen To High Levels In Recent Days<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, the Puell Multiple is currently at even higher levels than those seen during the 2021 bull run top. The “Puell Multiple<\/a>” is an indicator that measures the ratio between the daily revenue of the Bitcoin miners and the 365-day average value of the same.<\/p>\n

The mining revenue here is calculated by multiplying the spot price by the total number of coins that the miners are issuing (that is, receiving their block rewards) every day.<\/p>\n

This metric tries to judge whether the current price of the cryptocurrency is fair or not by comparing the current revenue of the miners against the yearly average.<\/p>\n

When this metric has a value above 1, it means the miners are making higher revenues than the average for the past year right now. The asset’s value may be said to be overpriced during such times as the miners gain more motive to sell the more profits they are making.<\/p>\n

Related Reading: Stablecoins Interest Spikes As Traders Look To Exit Market<\/a><\/div>\n

On the other hand, values of the indicator below 1 imply these chain validators are making less than the norm currently. The lower the indicator’s value goes, the more trouble the miners may have in supporting their operations. Thus, the coin could be assumed to be undervalued during such conditions.<\/p>\n

Now, here is a chart that shows the trend in the Bitcoin Puell Multiple over the last few years:<\/p>\n

\"Bitcoin<\/p>\n

The value of the metric seems to have been quite high in recent days | Source: CryptoQuant<\/a><\/pre>\n
Historically, major bottoms in the cryptocurrency’s price have formed whenever the Puell Multiple has dipped below the 0.5 mark. Below this value, miners’ daily revenues are less than 50% of the yearly average, meaning that this cohort comes under some intense pressure inside this zone.<\/p>\n
Tops, however, haven’t been so simple; the value at which they occur seems to have been decreasing with each Bitcoin bull run<\/a>. But in general, they have naturally occurred at values significantly above the 1 mark (that is, during periods when the miners are raking in large amounts of revenues).<\/p>\n
During the last couple of months, the Puell Multiple has once again been above the 1 level, and recently, it has observed a further surge towards a value of 2. This value is interestingly even higher than what was observed during the November 2021 all-time high price, but not near the levels of the first half of 2021 top.<\/p>\n
Related Reading: PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin<\/a><\/div>\n
The current levels of the metric are also only slightly lesser than what the April 2019 rally<\/a>, a rally that bears many similarities with the current one, saw during its top.<\/p>\n
Obviously, it’s hard to say anything about the top based on these observations alone, as tops have historically not followed any set pattern of the indicator, unlike the bottoms. However, the current values still likely imply that the price has become quite overheated recently, which may mean that even if a top isn’t in yet, it may be close nonetheless.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $27,300, down 2% in the last week.<\/p>\n
\"Bitcoin<\/p>\n
BTC has surged during the past day | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from iStock.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently. Here’s what this may mean for the current rally. Bitcoin Puell Multiple Has Risen To High Levels In Recent Days As pointed out by an analyst in a CryptoQuant post, the Puell Multiple is currently at even higher levels than those seen during the 2021 bull run top. The “Puell Multiple” is an indicator that measures the ratio between the daily revenue of the Bitcoin miners and the 365-day average value of the same. The mining revenue here is calculated by multiplying the spot price by the total number of coins that the miners are issuing (that is, receiving their block rewards) every day. This metric tries to judge whether the current price of the cryptocurrency is fair or not by comparing the current revenue of the miners against the yearly average. When this metric has a value above 1, it means the miners are making higher revenues than the average for the past year right now. The asset’s value may be said to be overpriced during such times as the miners gain more motive to sell the more profits they are making. Related Reading: Stablecoins Interest Spikes As Traders Look To Exit Market On the other hand, values of the indicator below 1 imply these chain validators are making less than the norm currently. The lower the indicator’s value goes, the more trouble the miners may have in supporting their operations. Thus, the coin could be assumed to be undervalued during such conditions. Now, here is a chart that shows the trend in the Bitcoin Puell Multiple over the last few years: The value of the metric seems to have been quite high in recent days | Source: CryptoQuant Historically, major bottoms in the cryptocurrency’s price have formed whenever the Puell Multiple has dipped below the 0.5 mark. Below this value, miners’ daily revenues are less than 50% of the yearly average, meaning that this cohort comes under some intense pressure inside this zone. Tops, however, haven’t been so simple; the value at which they occur seems to have been decreasing with each Bitcoin bull run. But in general, they have naturally occurred at values significantly above the 1 mark (that is, during periods when the miners are raking in large amounts of revenues). During the last couple of months, the Puell Multiple has once again been above the 1 level, and recently, it has observed a further surge towards a value of 2. This value is interestingly even higher than what was observed during the November 2021 all-time high price, but not near the levels of the first half of 2021 top. Related Reading: PEPE Outperforms Bitcoin In Social Media Buzz, Triggers Bullish Run For Frog Coin The current levels of the metric are also only slightly lesser than what the April 2019 rally, a rally that bears many similarities with the current one, saw during its top. Obviously, it’s hard to say anything about the top based on these observations alone, as tops have historically not followed any set pattern of the indicator, unlike the bottoms. However, the current values still likely imply that the price has become quite overheated recently, which may mean that even if a top isn’t in yet, it may be close nonetheless. BTC Price At the time of writing, Bitcoin is trading around $27,300, down 2% in the last week. BTC has surged during the past day | Source: BTCUSD on TradingView Featured image from iStock.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":532952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86446,6481,84738,1119,1144],"class_list":["post-532863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-puell-multiple","tag-bitcoin-rally","tag-bitcoin-top","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nHas Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says<\/title>\n<meta name=\"description\" content=\"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Has Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-15T19:20:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T08:11:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"2342\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says\",\"datePublished\":\"2023-05-15T19:20:22+00:00\",\"dateModified\":\"2024-06-11T08:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\"},\"wordCount\":571,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280\",\"keywords\":[\"bitcoin\",\"Bitcoin Puell Multiple\",\"bitcoin rally\",\"Bitcoin top\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\",\"name\":\"Has Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280\",\"datePublished\":\"2023-05-15T19:20:22+00:00\",\"dateModified\":\"2024-06-11T08:11:08+00:00\",\"description\":\"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280\",\"width\":2342,\"height\":1280,\"caption\":\"Symbol for a positive trend at the stock market. Businessman hand turns a cube and changes the word 'bear' to 'bull'. Beautiful white background. Business and bear or bull concept. Copy space.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/ktsl888.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Has Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says","description":"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","og_locale":"en_US","og_type":"article","og_title":"Has Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says","og_description":"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-05-15T19:20:22+00:00","article_modified_time":"2024-06-11T08:11:08+00:00","og_image":[{"width":2342,"height":1280,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says","datePublished":"2023-05-15T19:20:22+00:00","dateModified":"2024-06-11T08:11:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/"},"wordCount":571,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","keywords":["bitcoin","Bitcoin Puell Multiple","bitcoin rally","Bitcoin top","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","name":"Has Bitcoin Rally Already Hit Top? Here's What Puell Multiple Says","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","datePublished":"2023-05-15T19:20:22+00:00","dateModified":"2024-06-11T08:11:08+00:00","description":"On-chain data shows the Bitcoin Puell Multiple has hit pretty high levels recently, here's what this may mean for the current rally.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","width":2342,"height":1280,"caption":"Symbol for a positive trend at the stock market. Businessman hand turns a cube and changes the word 'bear' to 'bull'. Beautiful white background. Business and bear or bull concept. Copy space."},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says","url":"http:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-rally-already-hit-top-puell-multiple-says\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin puell multiple","bitcoin rally","bitcoin top","btc","btcusd"],"dateCreated":"2023-05-15T19:20:22Z","datePublished":"2023-05-15T19:20:22Z","dateModified":"2024-06-11T08:11:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Has Bitcoin Rally Already Hit Top? Here’s What Puell Multiple Says\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-rally-already-hit-top-puell-multiple-says\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-rally-already-hit-top-puell-multiple-says\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1316129074-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/iStock-1316129074-1.jpg?fit=2342%2C1280\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin puell multiple\",\"bitcoin rally\",\"bitcoin top\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-05-15T19:20:22Z\",\"datePublished\":\"2023-05-15T19:20:22Z\",\"dateModified\":\"2024-06-11T08:11:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/05\/iStock-1316129074-1.jpg?fit=2342%2C1280","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/532863"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=532863"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/532863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/532952"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=532863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=532863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=532863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}