21MERIDIAN 2140
298 / 375PUELL

Puell Multiple

Daily miner issuance value divided by its long-term moving average, used to study miner revenue cycles.

Daily miner issuance value divided by its long-term moving average, used to study miner revenue cycles.

Daily miner issuance value divided by its long-term moving average, used to study miner revenue cycles. This coordinate is placed in the wider system through its protocol, economic and historical relationships.

Understanding Puell Multiple helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.

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Linked to related atlas coordinates

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Grounded in a source record

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Explains function and trade-offs

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Part of the open Bitcoin knowledge graph

DOC · 001Glassnode — Metrics CatalogDocumentation
Reviewed 25 July 2026Source-first · No investment advice