Fast answer
Puell Multiple signal checks prove whether miner revenue, issuance value, yearly average, threshold logic, and trade timing were visible.
Before accepting a bitcoin Puell Multiple signal, record the source, daily issuance value, 365-day average, current multiple, threshold rule, BTC price, signal timestamp, entry plan, invalidation, updates, and final result.
If a provider cites Puell Multiple without the actual value, source, threshold, and original signal time, the cycle call is not reviewable.
Puell checks
What to inspect in bitcoin Puell Multiple signal records.
Issuance value
The record should show the daily USD value of newly issued bitcoin and the source used to calculate it.
Yearly average
Puell Multiple depends on the comparison with a 365-day average, so the averaging window must be visible.
Threshold logic
Historical top and bottom bands, percentiles, or custom levels need to be stated before the outcome is known.
Trade bridge
A reviewable call connects miner-revenue context to entry, invalidation, updates, and final status.
Source context
Puell Multiple compares daily issuance value with its yearly average, not a guaranteed trade signal.
Glassnode describes Puell Multiple as daily USD issuance value divided by its 365-day moving average. Bitcoin Magazine Pro frames it as a miner-revenue valuation tool. That makes it useful context, but a signal still needs timing and risk controls.
Review standard
A reviewable Puell Multiple signal separates miner-revenue context from execution proof.
For CSR evidence review, Puell Multiple records should include source, formula, daily issuance value, 365-day average, threshold rule, BTC price, signal timestamp, invalidation, updates, and final outcome.