Bitcoin’s Puell Multiple rose to 0.96 on Aug. 22, up 0.2 from a week earlier and its highest level in nearly three months. The indicator compares miners’ daily Bitcoin issuance revenue with its 365-day moving average and is used to assess miner income and market cycles. Bitcoin miners held about 1.1919 million BTC, down 46 BTC in a week, while the network’s seven-day average hashrate increased by about 10.14 EH/s to approximately 905 EH/s. The figures were reported by Digital Asset. The Puell Multiple remains well below 4, a level generally associated with overheated market conditions.