Bitcoin Puell Multiple Rises to 0.96, Hitting a Nearly 3-Month High

Odaily News: Bitcoin's Puell Multiple rose to 0.96 on August 22, up 0.2 from a week earlier, reaching its highest level in nearly three months. The Puell Multiple measures changes in Bitcoin's daily issuance value relative to its 365-day moving average, and is commonly used to observe miner income and market cycles.

Additionally, as of August 22, Bitcoin miners held approximately 1.1919 million BTC, a decrease of 46 coins from a week earlier. Bitcoin's network hash rate (7-day moving average) stood at around 905 EH/s, an increase of approximately 10.14 EH/s from the previous week. (Digital Asset)