Bitcoin SOPR Metric’s Longest 2026 Winning Streak Enters Fourth Week
4 Articles
4 Articles
Bitcoin has diverged from typical bear market behavior as its spent output profit ratio (SOPR) has remained above the break-even level for the longest period in 2026. The SOPR has stayed above 1 for three consecutive weeks, marking the longest profitable spending streak of the year. However, David Puell, assistant portfolio manager for digital assets at ARK Invest, noted that the risk of a price decline remains.
Bitcoin SOPR Hits Longest Profit Run of 2026 as Bear-Market View Shifts
Bitcoin appears to be showing signs of a recovery in on-chain profitability despite the broader market still wrestling with uncertainty around where this cycle’s lows may ultimately form. A widely watched measure—spent output profit ratio (SOPR)—has remained above its breakeven level for an unusually long stretch in 2026, echoing patterns typically seen earlier during bull-market [...]
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