Bitcoin SOPR 7-Day Average Returns Above Break-Even Level

Glassnode data shows Bitcoin's entity-adjusted SOPR 7-day moving average has moved back above the break-even level of 1. According to ChainCatcher, the metric suggests most coins sold on-chain are currently being sold at a profit, while prices have not immediately pulled back, indicating buyers are absorbing profit-taking pressure. If the indicator remains above 1, it points to steady demand. If it falls back below 1, it would suggest weakening support.