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 moved on-chain are being spent at a profit or loss, using 1.0 as the main dividing line.
When aSOPR moves above 1, spent $BTC are being realized at a profit on average. When it falls below 1, the market is processing coins at a loss, which often appears during weaker market phases.
Source: X
Notably, Bitcoin’s aSOPR has stayed above 1 since May 1. CryptoQuant said the nine-day sequence reduces the chance that the move is just short-term noise, as the metric has held positive territory through repeated spending activity.
The short-term chart showed aSOPR jumping sharply in early May while Bitcoin moved through the high-$70K area and toward $80K. The metric later cooled, yet it remained close to and above the 1.0 threshold.
Profit Taking Meets Demand
CryptoQuant’s reading shows that holders are taking profits again, but the price has not broken down. Alemán said, “Bitcoin is absorbing profit-taking without immediate deterioration in price structure.”
That line has become significant for the current market setup. Profit-taking can pressure prices when buyers fail to absorb the coins being sold, but $BTC has so far maintained its recovery structure while the ASPR stays positive.
Source: X
Meanwhile, the broader chart shows a comparable sequence from October 19 to November 4, 2025. During that period, Bitcoin also recorded several consecutive days of profitable on-chain spending.
However, the current signal does not confirm a euphoric phase. CryptoQuant framed it as a transition from loss realization toward a market where participants are again realizing profits in a more sustained way.
One Level Defines the Signal
The 1.0 level remains the key line for this setup. As long as aSOPR stays above 1, the market continues to show profitable spending alongside enough absorption to prevent immediate structural weakness.
A sustained drop below 1 would change that reading. It would show that Bitcoin is again processing coins at a loss, weakening the current internal market improvement shown by the metric.
The longer-term chart also shows that SOPR has been volatile during major market swings. Spikes above 1 often appear during strong price phases, while drops below 1 show stress among holders selling into weakness.
For now, Bitcoin’s aSOPR points to a market that is taking profits without losing structure. The next test is whether $BTC can keep holding near the $80K area while profit realization continues above the 1.0 threshold.
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