CoinScoopBitcoin SOPR sustains three-week streak above breakeven, marking 2026 record
Bitcoin's Spent Output Profit Ratio (SOPR) has remained above the breakeven point of 1 for three consecutive weeks, the longest such streak in 2026. CryptoQuant data shows the metric has stayed above 1 since August 19, currently at 1.002, indicating profitable on-chain movement. While some analysts see signs of a bull market recovery, David Puell warns that downside risks persist and further evidence, such as higher highs and lows on weekly charts, is required to confirm a market bottom.
Summaries are written by AI from the original article. Not investment advice.