Data: Most BTC sold on-chain is profitable, Glassnode states that buying pressure can absorb profit-taking selling pressure

According to monitoring by Glassnode, the 7-day moving average of Bitcoin's SOPR (Spent Output Profit Ratio) after real adjustment has risen above the breakeven line of 1.

This indicator shows that most of the tokens sold on-chain are currently in profit, and the price has not immediately fallen as a result. The buying pressure can absorb the profit-taking selling pressure, which is a typical characteristic of a bull market. If this indicator remains above 1, it reflects strong demand; if it falls back below 1, it indicates that the buying strength is weakening.