Analyst: Bitcoin's SOPR has remained above 1 for 9 consecutive days, indicating continued profit-taking in the market
In BlockBeats news on May 11th, CryptoQuant analyst Oro Crypto (@oro_crypto) stated that the Bitcoin Adjusted SOPR (aSOPR) has re-entered a key structural area. Since May 1st, this metric has remained above 1 for 9 consecutive trading days, indicating that the market is continuing to realize profit-taking sell-offs. The aSOPR is used to measure whether the spent bitcoins on-chain are in a state of profit or loss. A value above 1 indicates that, on average, the spent BTC is being sold at a profit, while a value below 1 indicates selling at a loss.
The particular significance of this signal lies in its persistence. The 9-day consecutive sequence has reduced noise interference, demonstrating a substantial shift in market structure. The last similar consecutive profit sequence occurred from October 19 to November 4, 2025, during which BTC also experienced consecutive days of on-chain profit-taking. From a market structure perspective, this indicates that Bitcoin is absorbing profit-taking selling pressure, and the price structure has not immediately deteriorated, showing sufficient market resilience.
This reading does not necessarily imply entering a euphoric stage but rather signifies that the market has shifted from a loss-making environment to a phase where participants are consistently realizing profits. As long as the aSOPR remains above 1, the market structure remains constructive: participants are taking profits while the market maintains its absorption capacity. The key level of failure is clear: if the metric consistently drops below the 1.0 threshold, it would indicate that the market is reverting to selling tokens at a loss, weakening the current constructive signal.
Bitcoin is not only being sold at a profit once again but this process is continuous. This continuity transforms the aSOPR into a constructive signal reflecting internal market improvement, marking the most significant positive sequence since October to November 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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