SOPR stand for Spent Output Profit Ratio. It’s a Bitcoin on-chain metric that shows whether Bitcoin spent outputs (UTXO’s) are being realized in profit or loss. It’s calculated by dividing realized value by the value at creation (price sold / price paid).
SOPR servers as a great short/mid-term indicator.
Using the Glassnode BTC SOPR Toolkit , we can get insight...
Super interesting long term Bitcoin trend showing on the VDO. It goes back all the way to October.
BTC is currently testing the trendline for the 9th time!
Let's see how it plays out