CryptoQuant:Puell Multiple指标却仍处低位,意味着市场主要由机构需求等外部因素推动

金色财经
Jun 13, 2025

【CryptoQuant:Puell Multiple指标却仍处低位,意味着市场主要由机构需求等外部因素推动】金色财经报道,衡量矿工日收入与年平均收入比值的Puell Multiple指标仍接近折扣区域,目前低于1.40。分析显示,尽管价格大幅上涨,矿工收入增长却未能同步,这可能意味着当前市场主要由机构需求、ETF或流通供应紧缩等外部因素推动。2024年4月的减半事件进一步降低了矿工收益。专家认为,这种罕见的高价格低指标组合表明市场可能仅完成了上涨周期的一半,未来几个月如果矿工收入与需求同步增长,比特币价格有望再创新高。

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