Bitcoin aSOPR Stays Above 1 as Profit Taking Returns
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- CryptoQuant said Bitcoin is once again being sold at sustained profits.
- Bitcoin’s adjusted SOPR has stayed above 1 for nine straight days since May 1.
- A value above 1 shows that spent BTC is moving on-chain at an average profit.
Bitcoin is once again seeing sustained profit-taking on-chain, according to CryptoQuant data. The adjusted SOPR, or aSOPR, has stayed above the key 1.0 level for nine straight days, showing that spent BTC is moving at an average profit.
The signal comes as Bitcoin trades near $80,700 after its recent recovery from April lows. CryptoQuant analyst Carmelo Alemán said Bitcoin is absorbing profit-taking without immediate damage to price structure, with demand still taking in realized supply.
aSOPR Holds Above 1
CryptoQuant said Bitcoin’s adjusted SOPR has returned to a structurally important zone. The metric tracks whether coins move…
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Coins
$ 64.21K
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+1.37%Predictions Markets
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