Data: Bitcoin Puell Multiple rises to 0.96, marking the largest increase in nearly 3 months

According to a report by South Korea's Digital Asset, the Bitcoin Puell Multiple has risen to 0.96, an increase of 0.2 from a week ago, marking the largest increase in about three months since May of this year.

This indicator measures miner income and the market cycle by comparing the daily issuance revenue of Bitcoin miners to its 365-day moving average, and it is still far below the level of 4, which is typically considered an overheated area.