Bitcoin stays above $80K as SOPR and exchange reserve signals hint at pullback

Bitcoin has remained above the $80,000 level while on-chain profitability stayed elevated, with adjusted SOPR holding above 1 for nine straight days in May. Analysts pointed to a CSH Score reading near 41 and a 30-day uptick in exchange reserves as signals that prior bear-market rallies saw sharp corrections, even as current strength appears driven more by reduced selling than sustained demand.