Bitcoin Signals Key On-Chain Recovery as Profitability Hits Strongest Level Since October 2025

Bitcoin has continued to flash signs of a key recovery in its onchain profitability metric as market sentiment retains positivity amid the recent price rally.

On Monday, May 11, crypto analytics platform CryptoQuant shared data on Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR), revealing that the metric has now remained above the crucial 1.0 level for nine consecutive days.

This shows that the Bitcoin tokens that have been recently moved on-chain are once again being sold at sustained profits rather than losses.

Bitcoin holders in realized gains

While the metric is used to measure whether Bitcoin holders are realizing gains or losses when spending the token, the chart provided by the source shows that the profitability metric is currently above the 1.0 level.

It is important to note that when the aSOPR metric is above 1, it means that market participants are selling at a profit on average, while readings below 1 suggest coins are being moved at a loss. 

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While this is the current case for Bitcoin, it is more interesting as the metric has remained above 1.0 for nine consecutive days, signaling sustained strength. 

Bitcoin hits strongest level since October 2024

While Bitcoin has made the move consistently for over a week, the sustained nine-day streak above 1 marks the longest sustained profitable-spending sequence seen since October 2024.

With the renewed strength signaled in the Bitcoin network activity, the price of the asset has remained resilient despite the increased profit-taking activity from holders.

Thus, this shows that retail and institutional demand is significantly outweighing the pressure from sellers.