Bitcoin SOPR profit run longest of 2026; analyst warns of downside risk

The extended profit-taking period signals sustained selling pressure at current levels, which historically can precede corrections even when sentiment appears positive. The analyst's caution highlights that on-chain profitability alone does not confirm a trend reversal, especially if demand fails to absorb the supply. The key question is whether the market can maintain momentum despite this persistent profit realization, or if the absence of fresh buying will tip the balance toward downside.