Puell Multiple
Awaiting trial
Registered - formula and source fixed - and awaiting either its own admission run or its cluster representative's verdict.
What it claims to measure
Miner economics (production)
Definition and source
- Formula:
IssTotUSD / SMA365(IssTotUSD) - Data source:
bitcoin-data.com(confirmed) - Signal history in the matrix: 680 weeks
Observed correlations vs tested instruments
| Versus | Spearman rho | Window | Tier |
|---|---|---|---|
| nupl | +0.736 | 680 weeks | provisional / below threshold |
| mvrv-z-score | +0.735 | 680 weeks | provisional / below threshold |
| power-law | +0.564 | 680 weeks | provisional / below threshold |
Confirmed means the correlation held at |rho| ≥ 0.85 over at least four years AND in both halves of the window independently. Anything less is reported but never used to assign a verdict.
Registry notes
also derivable from CM IssTotUSD - dual source, good for R1
Challenge this status
Every status here is falsifiable. If you can demonstrate this instrument decorrelates from its assigned representative - or measures a phenomenon we have missed - it earns its own full trial, and the record publishes either way. The petition channel opens with the public repository.