Most BTC sold on-chain are in profit, Glassnode says buy-side demand can absorb profit-taking pressure

According to Glassnode monitoring, Bitcoin's entity-adjusted SOPR (Spent Output Profit Ratio) 7-day moving average has risen back above the breakeven level of 1.00. This metric indicates that the majority of coins currently sold on-chain are in profit, yet prices have not immediately declined as a result, with buy-side demand able to absorb profit-taking pressure—a typical characteristic of a bull market. If the metric remains above 1, it reflects robust demand; if it falls back below 1, it signals that buying support is weakening.