#比特币投资周期分析 I recently researched Bitcoin's Puell Multiple indicator and found that the current value is 0.67. This indicator is quite interesting—it compares current miner revenue to the average over the past year to assess market cycles. Historical data shows that when this value drops below 0.5, it often marks the bottom area of Bitcoin prices. Although it hasn't reached that level yet, it's not far off. For those looking to invest in Bitcoin for the long term, it's worth closely monitoring the changes in this indicator. Of course, a single indicator can't determine everything, so I suggest considering multiple factors when deciding when to enter the market. Remember, investing carries risks, so always make careful decisions.