Historically accurate Bitcoin metric exits buy zone in ‘unprecedented’ 2022 bear market

2022.07.31 19:15

Bitcoin (BTC) is enjoying what some are calling a “bear market rally” and has gained 20% in July, but price action is still confusing analysts.

As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be in the past.