Bitcoin’s aggregate onchain profit has remained positive for a fourth consecutive week, according to analysis cited by Cointelegraph. The development marks the longest profit run recorded by the SOPR metric in 2026. SOPR, or Spent Output Profit Ratio, is used to assess whether coins moving on the blockchain are being transferred at a profit or a loss. While the latest reading has prompted fresh questions about whether Bitcoin is in a bear market, a popular analyst cautioned that downside risk for BTC remains. The data offers a mixed signal for the market: onchain profit conditions have persisted, but the warning about potential price weakness remains in place. Cointelegraph published its report on September 9, 2026. The analysis relates directly to Bitcoin (BTC), with the metric’s latest streak providing the main focus for market participants monitoring network-based profitability.
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Cointelegraph
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