Bitcoin Holders See Extended Profit Streak as SOPR Challenges Bear Case
Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Bitcoin aggregate onchain profit entered its fourth week, but a popular analyst warned that BTC price “downside risk” remained in place. Bitcoin (BTC) is breaking with typical bear-market behavior as a classic onchain metric puts in its longest bullish streak of 2026. Bitcoin’s SOPR metric has stayed above its breakeven point of 1 for three full weeks, its longest stint in 2026. Analysis suggests that UTXO profitability is reflecting a return to bull-market conditions. David Puell says SOPR must stay bullish for longer, seeing more BTC price downside to come. SOPR data repeats early bull-market activity 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. 19. SOPR measures the extent to which ...