Bitcoin SOPR Metric Records Longest Profit Streak of 2026
5h ago · 1 source · Summarised by CryptoBipto — how we make this
Bitcoin's Spent Output Profit Ratio (SOPR) metric has reached its longest sustained period above 1.0 in 2026, indicating that coins being moved on-chain have consistently been sold at a profit. New analysis using this metric has been cited as evidence challenging the narrative that Bitcoin is in a bear market.
WHY IT MATTERS
Think of SOPR like a report card for Bitcoin sellers. If you bought a used car for $5,000 and sold it for $6,000, you made a profit. SOPR tracks whether people moving their Bitcoin are, on average, doing something similar — selling for more than they paid. When this ratio stays above 1.0 for a long time, it suggests most people transacting are in profit, which some analysts associate with healthier market conditions. For newcomers, this is an example of how analysts use blockchain data — which is publicly available — to try to understand what is happening in the market, though no single metric tells the whole story.
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