🤑 Bitcoin has been sold mostly at a profit for three weeks already — a 2026 record
The Spent Output Profit Ratio (SOPR) indicator remains above the break-even level since August 19. This means that, on average, investors are transferring and selling BTC at prices higher than their purchase price.
Profits are being locked in by both short-term and long-term holders.
Analysts note that the market structure is increasingly resembling the early stage of a bullish cycle recovery.
$BTC $SPY
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The Spent Output Profit Ratio (SOPR) indicator remains above the break-even level since August 19. This means that, on average, investors are transferring and selling BTC at prices higher than their purchase price.
Profits are being locked in by both short-term and long-term holders.
Analysts note that the market structure is increasingly resembling the early stage of a bullish cycle recovery.
$BTC $SPY
$
