Analysis: Bitcoin remains in the early stages of a bull market over the long term, with potential for continued sideways movement in the short term.

BlockBeats news, October 12, crypto analyst Willy Woo posted that the Puell Multiple indicator currently shows that from a long-term structural perspective, BTC is still in the early stages of a bull market; from a local structural perspective, the market is in a sideways consolidation state. The Puell Multiple can be used to roughly measure the selling pressure of Bitcoin miners.