# Puell Multiple Bitcoin On-Chain Indicator

> Puell Multiple Bitcoin On-Chain Indicator is a paid API for AI agents from claw402.ai, paid per call via x402, $0.002/call, status unknown (last checked 2026-09-13).

Fetches the Puell Multiple on-chain indicator for Bitcoin market cycle analysis via a USDC-paid, keyless API gateway

## Facts

- Endpoint: GET https://claw402.ai/api/v1/coinank/indicator/puell-multiple
- Price: $0.002/call
- Payment: x402
- Status: unknown
- Last checked: 2026-09-13
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/puell-multiple-bitcoin-on-chain-indicator-118904aa
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_BqVOko_c3p5Az2lRhCPUA

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability puell-multiple-bitcoin-on-chain-indicator-118904aa
```

Example prompt: What's the current Puell Multiple for Bitcoin right now — is it in the overvalued or undervalued zone?

## When to prefer this

Use this endpoint when you need real-time or current Puell Multiple data for Bitcoin on-chain cycle analysis without managing API keys or subscriptions — payment is per-call in USDC via the x402 protocol, making it suitable for lightweight or infrequent lookups by AI agents or automated workflows.

## Known failure modes

- Payment not received — returns HTTP 402, requires USDC payment via x402 protocol
- Invalid or malformed properties parameter — may return empty data array
- Upstream CoinAnk data unavailable — data array may be empty with code 0
- Network timeout from underlying vergex.trade/CoinAnk provider
- Rate limiting or payment processing delay on the x402 gateway

## How this service works

Backed by vergex.trade. Pay for any API with USDC. No API keys. No registration. Just a wallet.

## Output

Returns a JSON object with a code field (0 for success) and a data array containing the current Puell Multiple value, which represents the ratio of daily Bitcoin miner revenue to its 365-day moving average, used to identify market cycle tops and bottoms.

## Request schema (JSON Schema)

```json
{
 "type": "object",
 "properties": {
  "properties": {
   "type": "string"
  }
 }
}
```

## Response schema (JSON Schema)

```json
{
 "type": "json",
 "example": {
  "code": 0,
  "data": []
 }
}
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/puell-multiple-bitcoin-on-chain-indicator-118904aa/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from claw402.ai](https://www.zero.xyz/host/claw402.ai/llms.txt)