• Bitcoin’s Demand Collapse Meets a Miner Signal That Refuses to Break

    Bitcoin’s Demand Collapse Meets a Miner Signal That Refuses to Break

     Bitcoin’s spot demand slid back to -170K BTC even as its Puell Multiple posted the highest cycle bottom on record, leaving buyers and miners pointing different directions. Something isn’t adding up on Bitcoin’s chain right now. The buyers who showed up in early July have mostly gone quiet again, yet the miners who usually crack…

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