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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #533 27.5K
The #Bitcoin Puell Multiple🟧has fallen to the lowest levels since the Nov 2018 bear market crash.

Miners are currently earning just 39% of their 1yr average USD income.

The Difficulty Ribbon🟪 is also compressed, signalling miner stress and potential capitulation is on the horizon.
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