Bitcoin Miner Pressure Index Falls to 2026 Low, Enters Historical Undervaluation Zone

BTC-1.26%
According to analyst @gaah_im, the Bitcoin miner cycle pressure composite index fell to its 2026 low and entered a historical undervaluation zone recently. The index combines the Puell Multiple and the inverse miner surrender indicator, and its synchronized signals have historically provided strong signals for identifying Bitcoin cycle bottoms. The index previously crashed near major Bitcoin bottoms in 2015, 2018, 2020, 2022, and 2024.
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