Feature
Puell MultipleDaily USD issuance value vs its 365d moving average. Macro miner-revenue cycle indicator.Current z-score · 365d window
-0.17σ
Within typical range.This is the exact same number shown on the heatmap cell — clicked through, it always matches.How this affects BTC price
Readings above ~4 have historically pinpointed cycle tops (miners over-earning, distribution pressure). Readings below ~0.5 mark deep miner capitulation, historically cycle bottoms.Note: these are historical tendencies, not guarantees. The model weighs this feature alongside ~20 others — read the SHAP attributions on the home page to see its actual pull on today's prediction.
History · 90d z-score series
2026-07-13 → 2026-10-15latest raw 0.10