The Satsurday: Weekly Bitcoin Pulse

Welcome to The Satsurday, your go-to source for the latest in Bitcoin and cryptocurrency news , regulations, and adoption. This week, we delve into key metrics influencing Bitcoin’s market, along with notable regulatory updates and adoption news.

Miner Status

  • CEX Deposits: 177K BTC deposited, reflecting higher exchange inflows.
  • MVRV Ratio: Slight decrease from 1.91 to 1.87, signaling Bitcoin’s relative undervaluation.
  • Puell Ratio: Slight increase to 0.77, highlighting rising miner profitability.

News & Adoption Highlights

  • Mara’s New Pilot Project: Mara has launched an initiative to harness shale gas for Bitcoin mining, a move toward sustainable energy solutions.
  • Bob’s Staking Integration: A one-click Bitcoin staking feature has been integrated into the Everstake platform.
  • Bitmain’s High-Efficiency Mining Machines: New machines, with a capacity of 319 Th/S, are now available, promising increased output for miners.
  • Coinbase Supports Taproot Addresses: Users can now send Bitcoin directly to Taproot-enabled wallets, improving transaction efficiency.

Insights

  • The aSOPR (Adjusted Spent Output Profit Ratio) has dropped to 0.98, indicating that more investors are selling at a profit.
  • Exchange Inflow has risen from 175K to 177K BTC, suggesting heightened sell pressure.
  • The Puell Multiple, climbing from 0.76 to 0.77, reflects improved profitability for miners, supported by rising BTC rewards.

Call to Action

Stay updated on the latest Bitcoin and crypto trends by following “The Satsurday” and tracking key metrics like MVRV and Puell ratios to assess market conditions. Engage with the community through platforms such as YouTube, Twitter, and Telegram for further insights.

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