Bitcoin's Adjusted Spent Output Profit Ratio (aSOPR) has remained above 1 for nine consecutive days since May 1, signaling a period of sustained profit realization. The aSOPR metric, which measures whether spent coins are moving at a profit or loss, indicates that Bitcoin is being sold at a profit. This nine-day streak suggests a significant shift in market dynamics, reducing the likelihood of noise and highlighting a sustained trend.
This development mirrors a similar sequence from October to November 2025, where Bitcoin also experienced consecutive days of profitable on-chain spending. The current trend suggests that the market is absorbing profit-taking without a deterioration in price structure, indicating a transition from loss realization to profit realization. As long as the aSOPR remains above 1, the market outlook remains constructive, with participants realizing profits while maintaining market stability.
Bitcoin's aSOPR Stays Above 1 for Nine Days, Indicating Sustained Profit Realization
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