Bitcoin Deep Dive Data Analysis & On-Chain Roundup
Bitcoin kicks off 2025 with bullish momentum, but can the rally sustain? We dive into miner recovery, sentiment, and market dynamics for insights.
Bitcoin appears poised for significant upside movement following a strong start to 2025. However, questions remain about the market’s overall health and whether the current bullish momentum can be sustained over the coming weeks and months. Here, we’ll take an unbiased and data-driven look into the underlying numbers supporting our current trend.
For a more in-depth look into this topic, check out a recent YouTube video here: Bitcoin Data Driven Analysis & On-Chain Roundup
Miner Recovery
The Puell Multiple, a measure comparing miners’ daily USD revenue to its yearly average, suggests that Bitcoin's fundamental network strength remains strong. Historically, after a halving event, miner revenue experiences a significant dip due to the 50% block reward reduction. However, the Puell Multiple recently climbed above the key value of 1, indicating a recovery and a potentially bullish phase.
