Puell Multiple is defined as the ratio of the daily value of the issued coin in USD divided by 365 days moving average of the daily value of issued coins in USD.
Predicting Price Tops and Bottoms
Values over 4 ( Short Signal ): this indicate that price is overvalued along with the increasing miner's motive to sell.
Values under 0.5 ( Long Signal ): this indicate that price is undervalued along with the increasing miner's motive to hold their bitcoin reserve.