Welcome to the latest edition of The Satsurday Weekly, your source for Bitcoin market movements, technology advances, and sentiment. Let’s dive into the significant events and numbers that have characterized the past week.
The Satsurday covers Bitcoin market news, Miner Status, and critical indicators in this week’s edition.

Miner Status
- CEX Deposits: 178K
- MVRV Ratio: 2.19
- Puell Ratio: 0.88
News | Regulations | Adoption
- Bitcoin ETFs see sharp $226.2M outflow amid ETH ETF news: The announcement of Ethereum ETFs has led to significant capital movements, with Bitcoin ETFs experiencing substantial outflows.
- MicroStrategy plans $500M stock sale to buy more Bitcoin: MicroStrategy continues its bullish stance on Bitcoin, proposing a half-billion-dollar stock sale to increase its Bitcoin holdings.
- Hong Kong Spot ETFs secure $1.96B in Bitcoin, $26M in Ether: The demand for cryptocurrency in Hong Kong remains strong, with spot ETFs attracting nearly $2 billion in Bitcoin and $26 million in Ether investments.
- NiceHash and Marathon Digital launch custom firmware for Bitcoin ASIC miners: In an effort to improve mining efficiency and profitability, NiceHash and Marathon Digital have released custom firmware tailored for Bitcoin ASIC miners.
- Trezor launches new hardware wallet ‘Safe 5’ with Bitcoin-only variant: Trezor introduces a new hardware wallet designed exclusively for Bitcoin, catering to the needs of Bitcoin maximalists and security-conscious users.
Insights
- aSOPR is down to 1.00: More investors are selling at a profit, reflecting a shift in market sentiment and profit-taking behavior.
- Exchange Inflow decreased from 187K to 178K: The reduction in exchange deposits suggests a decrease in sell pressure, potentially leading to an increase in buying pressure.
- MVRV Ratio decreased from 2.34 to 2.19: This drop indicates a relative undervaluation of Bitcoin, suggesting potential buying opportunities for long-term investors.
- Puell Multiple increased from 0.87 to 0.88: The slight rise in the Puell Multiple points to lower profitability for miners, which could influence their selling behavior and impact market dynamics.
Conclusion
This week’s developments highlight the dynamic nature of the cryptocurrency market, with significant movements in Bitcoin ETFs, strategic investments by major corporations like MicroStrategy, and ongoing innovation in mining technology. Investors should stay informed and consider these factors when making decisions.
For more in-depth analysis, stay tuned for the next edition of The Satsurday.
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