Bitcoin SOPR metric sees longest profit run of 2026 as new analysis challenges bear market

Bitcoin SOPR metric sees longest profit run of 2026 as new analysis challenges bear market

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) is breaking with typical bear-market behavior as a classic onchain metric puts in its longest bullish streak of 2026.

Key points: Data from crypto analytics platform CryptoQuant shows that the spent output profit ratio (SOPR) has now been above its breakeven level of 1 since Aug.

SOPR measures the extent to which coins moving onchain do so at a higher or lower price compared to the previous transaction.  The metric, which generally moves in a tight range around 1, currently measures 1.002.

Values above 1 indicate that coins are mostly being moved in profit — a sign of overall bullish market momentum.

This signal has now endured for three weeks, marking the longest stretch of bullish SOPR of 2026 so far.

SOPR can be broken down by wallet cohort to differentiate profitability between newer and older investors.

Commenting on SOPR readings for short-term holders (STHs), wallets holding a UTXO without selling for up to six months, onchain analytics suite Checkonchain added to hopes that Bitcoin is staging a long-term bullish recovery.

“In bear markets, rallies back into profit tend to get sold.

In bull markets, short sharp moves below break-even tend to become buy-the-dip setups.

Analiz: Piyasa hareketliliği devam ediyor.