Overview
Compares the price at which coins were created to the price when they were spent.
Acts as a sentiment gauge reflecting whether investors are selling at profit or loss.

Interpretation

• SOPR > 1 → Profit realization.

• SOPR < 1 → Loss realization.

• SOPR = 1 → Equilibrium.

Formula

$SOPR = \frac{Price_{spent}}{Price_{received}}$

Signal
When SOPR resets below 1 and rebounds, it often marks local bottoms.

Insights
Tracks market sentiment and potential trend reversals across short- and long-term holders.

Available Metrics

• SOPR

• STH SOPR

• LTH SOPR

• LTH/STH SOPR Ratio