Over the past week, Bitcoin traded as high as $82,000, marking another bullish weekly performance in Q2 2026. Following the bear market trajectory since October 2025, a price return above $80,000 represents a strong technical signal for a potential market recovery. It is worth noting that on-chain developments are also contributing to this renewed bullish narrative.
The LTH/STH SOPR ratio indicates increasing market strength
In the QuickTake post on CryptoquantThe pseudonymous Arab onchain analyst highlighted the growing strength among long-term Bitcoin holders using the LTH/STH SOPR metric.
SOPR (Spent Out Profit Ratio) measures whether Bitcoin investors sell their holdings at a profit or a loss. Typically, a SOPR value above 1.0 indicates that coins are being sold at a profit, while a reading below 1.0 indicates that investors are realizing losses. Meanwhile, the 90-day simple moving average serves as a benchmark to evaluate broader market trends and momentum.
According to on-chain data, the current LTH/STH SOPR ratio is close to 1.157, particularly above the 90-day SMA of 0.982. This suggests that long-term Bitcoin holders are currently making stronger profits than short-term traders – a development that is often interpreted as a bullish signal for the broader market.
Bitcoin remains strong despite market volatility
Arab on-chain noted that amid volatile prices, Bitcoin remained strong at around $79,943. Since an increasing SOPR ratio indicates that traders are becoming profitable and confident again, it also means that the market is moving from a consolidation/correction phase into another long-term uptrend. The widening gap between the SOPR ratio and its benchmark level also indicates increasing market maturity. Interestingly, both conditions are often preceded by larger upward price movements, as long-term investors tend to unload their holdings strategically rather than sell out of panic.
However, if the SOPR ratio rises too quickly, it may indicate that long-term holders are selling heavily, thus increasing profit-taking pressures. All of these can then temporarily slow or reverse price growth. But for now, the pseudonymous analyst says the current Bitcoin market structure remains generally positive. As of this writing, Bitcoin is at around $80,741.84, up 0.54% over the past 24 hours. Interestingly, the market capitalization has risen by about 3% over the past seven days.
According to the forecast website Coin CodexThe overall market is neutral, while the Fear and Greed Index stands at 38, indicating that significant caution remains despite Bitcoin’s recent gains. However, Coincodex analysts expect Bitcoin to maintain its current shape, reaching $86,068 within the next five days. While they also expect some pullback, they expect a price valuation of $90,919 in three months.
Featured image from Flickr, chart from Tradingview
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