Before the drop, I was looking a Puell Multiple, about which I have already posted about a few months ago.
For clarification, puell multiple is a metric defined as the ratio of the daily value of the issued BTC, devided by 365 moving average of the daily value of issued BTC.
The Puell mutliple dropped from 2.63 to 0.65 after the halving. The value of Puell multiple with BTC at 63k is at the similar level as when BTC was 22k. The longterm outlook of this is bullish.