Crypto
Bitcoin's Profit Run Reaches New High Amid Bear Market Fears
A recent analysis has challenged the notion of a bear market for Bitcoin as the SOPR metric sees its longest profit run of 2026.
The SOPR (Spent Output Profit Ratio) metric measures the average profit made by holders who are selling their Bitcoins. According to data from several sources, including CoinMetrics, the current SOPR is around 1.05, indicating a moderate level of profitability for Bitcoin holders.
This analysis contradicts some market sentiment that suggests a bear market for Bitcoin, which could be defined as a prolonged period of decline in prices. However, proponents of this view argue that the current trend may not necessarily indicate a long-term bearish scenario for Bitcoin.