Scan to download
BTC $79,104.27 -2.79%
ETH $2,225.51 -3.16%
BNB $674.37 -0.84%
XRP $1.43 -5.91%
SOL $89.50 -3.84%
TRX $0.3519 -0.76%
DOGE $0.1132 -2.65%
ADA $0.2611 -4.91%
BCH $425.75 -2.77%
LINK $10.08 -5.19%
HYPE $44.87 +0.48%
AAVE $93.10 -6.93%
SUI $1.10 -8.74%
XLM $0.1545 -6.71%
ZEC $522.84 -3.49%
BTC $79,104.27 -2.79%
ETH $2,225.51 -3.16%
BNB $674.37 -0.84%
XRP $1.43 -5.91%
SOL $89.50 -3.84%
TRX $0.3519 -0.76%
DOGE $0.1132 -2.65%
ADA $0.2611 -4.91%
BCH $425.75 -2.77%
LINK $10.08 -5.19%
HYPE $44.87 +0.48%
AAVE $93.10 -6.93%
SUI $1.10 -8.74%
XLM $0.1545 -6.71%
ZEC $522.84 -3.49%

sell

Analysis: Bitcoin stabilizes at $81,000, the situation in Iran and the selling pressure from whales put the market at a crossroads

According to The Block, affected by Iran's rejection of the U.S. peace framework and the tense situation in the Strait of Hormuz, Brent crude oil briefly surpassed $104 on Monday, while Bitcoin remained fluctuating above $81,000. Analysts believe that the current crypto market is more driven by geopolitical factors rather than fundamental factors. QCP Capital describes the current market as "standing at a crossroads," viewing $84,000 as the next key resistance level for Bitcoin.Previously, the inflow of ETF funds, expectations of increased holdings by listed companies, and optimistic sentiment around the U.S. Clarity Act stablecoin bill drove BTC up to the $80,000 range, but recently there has been some profit-taking. Laser Digital stated that the market had previously bet that Strategy would make large-scale Bitcoin purchases, but after the expectations fell through, it triggered profit-taking sell-offs. Additionally, some enterprise-level BTC holders have slowed down or paused their accumulation, which has intensified market pressure.Meanwhile, Ethereum became the main target of selling last week. Reports indicate that a whale holding approximately $1 billion in both BTC and ETH has been continuously selling ETH, leading to a noticeable weakening of ETH relative to BTC. Although this address continued to transfer ETH to exchanges over the weekend, it has not triggered further sell-offs.On the macro level, U.S. non-farm payroll data for April was stronger than expected, alleviating short-term stagflation concerns for the Federal Reserve; the market is also focused on the upcoming CPI and PPI data to be released this week, as well as the progress of meetings between Trump and Chinese leaders in Beijing. CoinShares data shows that net inflows into digital asset investment products reached $857.9 million last week, marking the sixth consecutive week of net inflows.

CryptoQuant: Bitcoin aSOPR has been above 1 for 9 consecutive days, and the market continues to realize profits and sell

CryptoQuant analyst Oro Crypto (@oro_crypto) stated that the adjusted spent output profit ratio (aSOPR) of Bitcoin has returned to a structurally key area. This indicator has remained above 1 for 9 consecutive trading days since May 1, indicating that the market is continuously realizing profit sales.aSOPR is used to measure whether the Bitcoin being spent on-chain is in a profit or loss state. A value greater than 1 indicates that, on average, the spent BTC is being sold at a profit, while a value less than 1 indicates that it is being handled at a loss. The significance of this signal lies in its persistence; the consecutive 9-day sequence reduces noise interference and shows that a substantial change in market structure has occurred. The last similar consecutive profit sequence appeared from October 19 to November 4, 2025, during which BTC also experienced several consecutive days of on-chain profit spending.From a market structure perspective, this indicates that Bitcoin is absorbing profit-taking selling pressure, and the price structure has not immediately deteriorated, showing that the market currently exhibits sufficient absorption capacity. This reading does not necessarily mean entering a euphoric phase, but rather indicates that the market has shifted from a loss realization environment to a phase where participants are continuously realizing profits. As long as aSOPR remains above 1, the market structure remains constructive: participants are cashing in profits while the market maintains its absorption capacity. The key failure level is clear: if the indicator continues to fall below the 1 threshold, it means the market will start handling tokens at a loss again, which would weaken the current constructive signal.Bitcoin is not only being sold again at a profit, but this process is also persistent. This persistence transforms aSOPR into a constructive signal reflecting internal market improvement, marking the most significant positive sequence since October to November 2025.
app_icon
ChainCatcher Building the Web3 world with innovations.