Analysis: Bitcoin remains in the early stage of a long-term bull market, and may continue to consolidate sideways in the short term.

Crypto analyst Willy Woo said in a post that the Puell Multiple indicator currently shows Bitcoin (BTC) remains in the early stages of a bull market from a long-term structural perspective, while the market is in a sideways consolidation phase from a near-term structural standpoint. The Puell Multiple is used to roughly gauge the selling pressure exerted by Bitcoin miners.

@tonmelonfest