Key Takeaways
- aSOPR above 1 for 9 consecutive days since May 1.
- Last comparable sequence: October 19 to November 4, 2025.
- LTH/STH SOPR ratio at 1.13, above 90-day SMA of 0.982.
- Daily 200 MA at $82,747 is sole remaining overhead resistance.
- 4H structure fully bullish: price above all three MAs.
- Daily RSI at 64.24, approaching prior rejection zone.
- aSOPR invalidation: sustained close below 1.0.
Nine Days Above the Line That Matters
Bitcoin’s Adjusted SOPR has remained above 1 for 9 consecutive days since May 1. The metric measures whether coins moving on-chain are doing so at a profit or a loss. Above 1 means the average spent output is realizing a gain. Below 1 means the market is processing coins at a loss. CryptoQuant analyst Carmelo...


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