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Data / Puell multiple / 2022
The dollar value of new bitcoin issued each day against its one-year average.
Puell multiple opened 2022 at 1.00× (January 1, 2022) and closed at 0.59× (December 31, 2022), down 41.1%. The high was 1.02× on March 29, 2022 and the low 0.44× on June 19, 2022.
| Month | Month end |
|---|---|
| January 2022 | 0.78× |
| February 2022 | 0.83× |
| March 2022 | 1.01× |
| April 2022 | 0.85× |
| May 2022 | 0.72× |
| June 2022 | 0.45× |
| July 2022 | 0.57× |
| August 2022 | 0.51× |
| September 2022 | 0.52× |
| October 2022 | 0.59× |
| November 2022 | 0.55× |
| December 2022 | 0.59× |
Daily issuance in dollars divided by its 365-day average. Under 0.5, miners are earning half their usual income and the weakest are selling to survive, which has marked cycle bottoms; above 4, issuance is worth four times normal and miners are selling into euphoria.
Other years: 2026 · 2025 · 2024 · 2023 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013
Also in 2022: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price