Bitcoin Puell Multiple Suggests Phase 4 May Be Pending Amid Ongoing Market Cycle
2025-07-10 14:14:00

Main Idea
Bitcoin's Puell Multiple indicates that the current market cycle remains intact with bullish momentum, suggesting Phase 4 (pre-cycle top) is pending and further price appreciation is possible.
Key Points
1. Bitcoin’s Puell Multiple shows no signs of a cycle top yet, with Phase 4 still forthcoming, indicating the cycle remains intact and bullish momentum is building.
2. The Puell Multiple remains a reliable tool for assessing Bitcoin’s market cycle phases, and its current readings reinforce the bullish outlook for further price appreciation.
3. Bitcoin has demonstrated modest but consistent gains, with a 1.24% increase over the past 24 hours and a 1.12% rise over the last week, with trading volume remaining robust at $39.7 billion.
4. CryptoCon’s analysis suggests Bitcoin has not yet reached its cycle peak, with Phase 4 pending, supporting the expectation of a sustained bullish trajectory in the near term.
5. The delay between Bitcoin cycle phases is unprecedented, highlighting market strength and reinforcing the notion that the current cycle is still in progress.
Description
Bitcoin’s Puell Multiple indicator signals that the cryptocurrency’s current market cycle is far from over, with Phase 4 still pending and bullish momentum building. The extended gap between Phases 3
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