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Back to Glossary
On-ChainS

SOPR

Spent Output Profit Ratio — measures the ratio of spent output values to created output values. Values above 1 indicate coins moving at a profit; below 1 at a loss.

Example

“SOPR dropped below 1.0 during the correction, indicating that Bitcoin holders were selling at a loss on average — a signal that often coincides with local bottoms in bull markets.”

Related Terms

MVRV RatioRealised CapOn-Chain