Bitcoin's aSOPR Remains Above 1 for Nine Consecutive Days Since May 1, Signaling Sustained Profit-Taking

GateNews
BTC-0.94%

According to CryptoQuant analyst Oro Crypto, Bitcoin’s adjusted SOPR (Spent Output Profit Ratio) has remained above 1 for nine consecutive trading days since May 1, indicating sustained profit-taking sales in the market. An aSOPR reading above 1 means that bitcoins being spent on-chain are, on average, being sold at a profit, while readings below 1 indicate losses. The analyst noted that the continuity of this signal over nine days reduces noise and reflects a substantial shift in market structure, with the market demonstrating sufficient absorption capacity for profit-taking pressure without immediate price deterioration.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments