Bitcoin's Puell Multiple, a key indicator of miner revenue, has climbed back above 1.00 for the first time in nearly 11 months, reaching about 1.07 in early October 2026. This suggests that daily miner revenue is now exceeding its yearly average, easing financial pressure on miners and possibly marking the end of a prolonged accumulation phase. Analysts view sustained readings above 1.00 as a sign of market recovery, with 2.00 as the next target indicating a stronger bullish trend. However, the current margin is slim, and the metric needs to hold above 1.00 consistently to confirm a lasting recovery.
Bitcoin's Puell Multiple recently rose above 1.00, signaling miner revenue surpassing its yearly average. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 06, 2026 00:32 WIB: out of 50 major cryptocurrencies, 22 gained and 27 declined. Notable movers include AXS at Rp22.891 with a 6.32% drop and a typical hold time of 62 days, FIL at Rp19.515 up 3.26% with an 80% buy order activity, and YFI at Rp45.848.805 down 3.23% with 96% sell orders.
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