Analyst: Bitcoin remains in early bull market on long-term cycle, short-term sideways trend may continue

Odaily reports that Willy Woo posted on X platform stating that the Puell Multiple indicator shows that from a long-term structural perspective, Bitcoin is still in the early stages of a bull market; from a local structural perspective, the market is in a sideways consolidation state. The Puell Multiple can be used to roughly measure the selling pressure on Bitcoin miners.