普埃尔倍数：比特币购买机会的关键指标

比特币是世界领先的加密货币，经常让交易者和投资者寻找可靠的指标来指导他们的买卖决策。

Bitcoin traders and investors often seek reliable indicators to inform their buying and selling decisions. One metric that has gained popularity among crypto traders is the Puell Multiple. This article explores the Puell Multiple, its historical significance, and how it can signal promising buying opportunities for Bitcoin.

比特币交易者和投资者经常寻求可靠的指标来为他们的买卖决策提供信息。普埃尔倍数是在加密货币交易者中流行的一项指标。本文探讨了普埃尔倍数、其历史意义，以及它如何预示比特币有希望的购买机会。

What is the Puell Multiple?

什么是普尔倍数？

The Puell Multiple is a Bitcoin-specific metric that evaluates the market by comparing the daily issuance value of Bitcoins (in USD) to the 365-day moving average of this value. It effectively measures miner revenue against historical norms, helping traders determine periods of high or low selling pressure from miners.

Puell Multiple 是一种特定于比特币的指标，通过将比特币的每日发行价值（以美元计）与该价值的 365 天移动平均值进行比较来评估市场。它根据历史标准有效衡量矿商收入，帮助交易者确定矿商抛售压力高或低的时期。

Why the Puell Multiple Matters

为什么普埃尔倍数很重要

Miners play a crucial role in the Bitcoin ecosystem. Their selling behavior can have significant impacts on Bitcoin's market price. By understanding the Puell Multiple, traders can gain insights into miners’ selling habits, which can influence market dynamics.

矿工在比特币生态系统中发挥着至关重要的作用。他们的出售行为会对比特币的市场价格产生重大影响。通过了解普埃尔倍数，交易者可以深入了解矿商的销售习惯，从而影响市场动态。

Historical Significance of the Puell Multiple

普埃尔倍数的历史意义

Historical data shows that the Puell Multiple has been a reliable indicator of significant buying opportunities, especially when the index drops below certain levels.

历史数据显示，普埃尔倍数一直是重大买入机会的可靠指标，特别是当该指数跌破特定水平时。

The "Decision Zone"

“决策区”

Crypto analyst Grizzly from CryptoQuant highlights that the Puell Multiple fluctuates between critical levels, notably the "Decision Zone" which ranges from 0.6 to 0.8. Historical patterns indicate that when the index falls below 0.6, it typically signals an opportune moment for dollar-cost averaging (DCA) strategies in Bitcoin.

CryptoQuant 的加密货币分析师 Grizzly 强调，Puell 倍数在关键水平之间波动，特别是范围从 0.6 到 0.8 的“决策区”。历史模式表明，当该指数跌破 0.6 时，通常预示着比特币美元成本平均（DCA）策略的合适时机。

On April 20, around the Bitcoin halving, the Puell Multiple index score was 1.76. Source: Bitbo

4 月 20 日，比特币减半前后，Puell Multiple 指数得分为 1.76。来源：比特博

Case Studies and Historical Data

案例研究和历史数据

April 2024 Halving: Around the Bitcoin halving in April 2024, the Puell Multiple index reached 1.76. Historically, halvings have been followed by substantial price increases in Bitcoin, making the Puell Multiple a valuable predictive tool.

2024年4月减半：2024年4月比特币减半前后，Puell多重指数达到1.76。从历史上看，比特币减半后价格会大幅上涨，这使得普埃尔倍数成为一个有价值的预测工具。

Current Market Analysis

当前市场分析

At the time of publication, Bitcoin is trading at $58,416, down by approximately 8.98% over the past seven days, and the Puell Multiple reads 0.69 according to Bitbo data. The data points to a potential buy signal for keen investors.

截至发稿时，比特币交易价格为 58,416 美元，过去 7 天下跌约 8.98%，根据 Bitbo 数据，普埃尔倍数为 0.69。这些数据为敏锐的投资者指出了潜在的买入信号。

Bitcoin is down 9.77% over the past 30 days. Source: CoinMarketCap

过去 30 天，比特币下跌 9.77%。资料来源：CoinMarketCap

Expert Opinions

专家意见

Pseudonymous crypto analyst Moustache emphasized to his 133,100 followers on X (formerly Twitter) that the current Puell Multiple is signaling one of the best opportunities to buy in over two years:

化名加密货币分析师 Mustache 向他在 X（以前称为 Twitter）上的 133,100 名粉丝强调，当前的 Puell Multiple 预示着两年多来最好的买入机会之一：

"I call it here: This is your second best chance after 2022 to re-accumulate before the next wave starts."

“我在这里称之为：这是 2022 年之后，在下一波浪潮开始之前重新积累的第二个最佳机会。”

Another prominent crypto trader, Rekt Capital, suggests that while a breakout of Bitcoin’s reaccumulation range could occur as early as late September, a more likely consolidation period may extend through September with a possible breakout in October.

另一位著名的加密货币交易商 Rekt Capital 表示，虽然比特币的重新积累范围最早可能会在 9 月底突破，但更有可能的是，盘整期可能会延续到 9 月，并可能在 10 月突破。

Pros and Cons of Using the Puell Multiple

使用 Puell 倍数的优点和缺点

Pros:

优点：

Provides insights into Bitcoin miner selling pressure

提供有关比特币矿商抛售压力的见解

Has historically indicated significant buying opportunities

历史上曾显示过重大的买入机会

Cons:

缺点：

Not a precise trading tool and can be influenced by other factors

不是一个精确的交易工具，可能会受到其他因素的影响

May not be applicable to other cryptocurrencies

可能不适用于其他加密货币

Frequently Asked Questions (FAQs)

常见问题 (FAQ)

What is the Puell Multiple used for?

Puell Multiple 有何用途？

The Puell Multiple is used to gauge the selling pressure of Bitcoin miners by comparing daily issuance value to the 365-day moving average. It helps traders identify potential buying opportunities.

Puell Multiple 用于通过将每日发行量与 365 天移动平均线进行比较来衡量比特币矿商的抛售压力。它可以帮助交易者识别潜在的买入机会。

Why is the 0.6 level significant in the Puell Multiple index?

为什么 Puell 多重指数中 0.6 的水平显着？

The level of 0.6 on the Puell Multiple index is considered a critical threshold. Historical data has shown that when the index falls below this level, it generally indicates a favorable buying opportunity for Bitcoin.

Puell Multiple 指数 0.6 的水平被认为是一个关键阈值。历史数据表明，当该指数跌破该水平时，通常预示着比特币的有利买入机会。

How often does the Puell Multiple provide buy signals?

普埃尔倍数多久提供一次买入信号？

The Puell Multiple provides buy signals during periods of high selling pressure from miners, which historically occurs infrequently but consistently aligns with advantageous buying opportunities.

普埃尔倍数在矿商面临高抛售压力期间提供了买入信号，这种情况历史上很少发生，但始终与有利的买入机会一致。

Conclusion

结论

The Puell Multiple stands as a significant Bitcoin indicator that guides traders by reflecting miner selling activity. As Bitcoin remains in its uncertain range, the Puell Multiple at current levels provides a hopeful outlook for those looking to capitalize on minimizing buying risks and maximizing potential gains.

普埃尔倍数是一个重要的比特币指标，通过反映矿商销售活动来指导交易者。由于比特币仍处于不确定的范围内，当前水平的普埃尔倍数为那些希望最大限度地降低购买风险和最大化潜在收益的人提供了充满希望的前景。

For more in-depth insights and current Bitcoin market data, refer to reliable sources such as CoinMarketCap and CryptoQuant.

如需更深入的见解和当前比特币市场数据，请参阅 CoinMarketCap 和 CryptoQuant 等可靠来源。

Stay informed and make smarter trading decisions with the Puell Multiple!

通过 Puell Multiple 随时了解情况并做出更明智的交易决策！