The Miner Outflow Multiple indicates periods where the amount of bitcoins flowing out of miner addresses is high with respect to its historical average. It is defined as the ratio of the miners' outflow and its 365 day MA (in USD).

This is the Point-in-Time (PiT) variant of Miner Outflow Multiple. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.