Bitcoin Short-Term Holders Post 30-Day Profit Run
Bitcoin short-term holders have stayed in at least partial profit for 30 straight days as of September 15, 2026, the longest such period this year.
Bitcoin short-term holders have now recorded 30 consecutive days of at least partial profits, the longest run of the year. The cohort controls roughly $168.2 billion in unrealized gains against $102.6 billion still underwater, according to CryptoQuant data cited on September 15.
Price levels and recent candles
Spot Bitcoin traded near $76,740 on CoinGecko readings that afternoon, down 2.68 percent over the prior 24 hours. Ethereum slipped 3.95 percent to $2,428.61, Solana fell 3.08 percent to $99.78, and Dogecoin eased 3.29 percent to $0.08196. The broader market showed soft red candles across majors while the short-term holder profit metric continued to print green.
Daily charts reveal Bitcoin has chopped inside a narrow range since the streak began around August 16. Candles have alternated between modest gains and shallow pullbacks, yet the on-chain signal has held without interruption. The 1-to-3-month cost basis sits near $63,372 and the 3-to-6-month band near $73,190, levels that have acted as support during recent sessions.
On-chain signal versus historical patterns
CryptoQuant notes the Spent Output Profit Ratio has remained above 1 since August 19. That sustained reading mirrors earlier recovery phases, though the firm stops short of calling it confirmation of a new bull leg. January produced a profit window that lasted less than one week, and May saw losses dominate. The current stretch already exceeds both episodes.
Price action during the 30-day window has been orderly rather than explosive. Bitcoin has avoided deep red daily closes that would have pushed more short-term coins back underwater. Volume on spot markets has been steady, keeping the cost-basis bands from shifting sharply.
Daily cadence in the data
The metric updates each day with new UTXO cohorts. As long as the rolling six-month window continues to show more coins above their acquisition prices than below, the streak extends. Any single session that flips a material portion of the cohort into loss would reset the count. So far the chart has printed the required conditions without a break.
Contrast with legacy collections
CryptoPunks, the earliest prominent NFT series, followed a different price path during comparable market windows. Its algorithmic generation produced a fixed supply whose secondary-market levels moved more sharply on macro headlines and collection-specific news. Bitcoin short-term holder data, by comparison, registers a steady on-chain improvement measured in daily aggregates rather than individual asset flips.
The contrast highlights how a broad UTXO metric can stay positive even while individual tokens or collections experience wider volatility. CryptoPunks holders watched floor levels swing with sentiment waves, whereas the Bitcoin cohort profit streak has marched forward on consistent, if unspectacular, price stability.
What the numbers show next
Traders watching the same CryptoQuant dashboard will look for the next daily print to confirm whether the streak reaches 31 days. A close above the 1-to-3-month cost basis would keep more coins in profit, while any sharp downside move could begin to trim the $168.2 billion gain figure. The market will register the outcome in the next set of candles.