Over the past week, Bitcoin has traded as high as $82,000, marking another strong week for the second quarter of 2026. A price return above $80,000, following a bear market trajectory beyond October 2025, represents a strong technical signal of a potential market recovery. In particular, on-chain developments are also contributing to this new bullish sentiment.
LTH/STH SOPR ratio indicates growing market strength.
From the QuickTake post: CryptoQuantAnonymous analyst Arab onchain used the LTH/STH SOPR ratio metric to highlight the bullish trend among long-term Bitcoin holders.
SOPR (Output Profit Ratio) measures whether Bitcoin investors are selling their holdings at a profit or loss. Typically, a SOPR value greater than 1.0 indicates that coins are being sold at a profit, while a SOPR value below 1.0 indicates that investors are recognizing a loss. Meanwhile, the 90-day simple moving average (SMA) serves as a benchmark for assessing broader market trends and momentum.
According to on-chain data, the LTH/STH SOPR ratio is currently close to 1.157, which is notably higher than the 90-day SMA benchmark of 0.982. This suggests that long-term Bitcoin holders are currently realizing greater profits than short-term traders. This is a development that is often interpreted as a bullish signal for the broader market.
Bitcoin remains strong despite market volatility.
Arab Onchain pointed out that Bitcoin remained strong at around $79,943 amidst heavy price fluctuations. An increasing SOPR ratio suggests that traders are becoming profitable and confident again, while also indicating that the market is transitioning from a consolidation/correction phase into another long-term bullish trend. A growing gap between the SOPR ratio and the benchmark level also indicates increasing market maturity. Interestingly, both conditions often precede larger upward price movements because long-term investors tend to divest their holdings strategically rather than panic selling.
However, if the SOPR ratio rises too quickly, it could be a sign that long-term holders are selling heavily, increasing profit-taking pressure. All of this can slow or temporarily reverse price growth. However, the anonymous analyst says that for now, Bitcoin’s current market structure is overall positive. As of this writing, the BTC price is around $80,741.84, up 0.54% over the past 24 hours. Interestingly, the market value has risen by about 3% in the last seven days.
According to forecasting site Coincodex, the overall market is neutral while the Fear & Greed Index stands at 38, indicating that despite Bitcoin’s recent rally, considerable caution remains. However, Coincodex analysts predict that Bitcoin will maintain its current form and reach $86,068 over the next five days. They also expect a slight retracement, but expect a price valuation of $90,919 in three months.
Featured image from Flickr, chart from Tradingview
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