Definition. Miner Outflow Multiple identifies periods where the amount of BTC flowing out of miner addresses is high relative to its historical average.

Technical. Computed as the ratio of miner outflow to its 365-day moving average, in USD.

Interpretation. A reading near 1 reflects miner outflow in line with its trailing-year average. Readings well above 1 reflect accelerated distribution, below 1 suppressed distribution.