Bitcoin’s Demand Is Holding Strong — One On-Chain Level Could Decide What Comes Next
Bitcoin’s current bid looks strong. Coins can move in profit without price rolling over. That’s the signal one key on-chain metric is sending right now. Glassnode’s SOPR chart tracks this metric in real time. Entity-adjusted SOPR strips out internal wallet shuffles. It isolates real economic activity. A reading above 1 means coins are selling for more than they cost.