Bitcoin Sees Longest Profit-Taking Streak of 2026
- Bitcoin’s Spent Output Profit Ratio (SOPR) has remained above the breakeven level since Aug. 19, currently at approximately 1.002.
- This marks the longest positive streak for SOPR in 2026, lasting three weeks.
- As of Sept. 8, aggregated SOPR was about 1.017, indicating profit-taking by both short- and long-term holders.
- On Sept. 7, SOPR readings were at approximately 1.012 for short-term holders and around 1.138 for long-term holders.
- Analysts suggest that a sustained SOPR above one without new price lows is needed to confirm a market trend change.
The recent data shows that Bitcoin investors have been moving their coins at a profit during this period, indicating potential shifts in market sentiment despite ongoing debates about the end of Bitcoin’s bear cycle.
With SOPR readings reflecting profitability for both short- and long-term holders, analysts are closely monitoring these trends as they could signal a recovery phase for Bitcoin. (Source)
