maartunn
Spent Output Profit Ratio (SOPR) hits lowest level since March 2020 ๐ฑ
Just a small one today: The #Bitcoins which are on-chain are getting on sold (on average) at a loss. The SOPR indicator can be considered within the following framework: - SOPR > 1: implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid). - SOPR < 1: implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid). - SOPR = 1 implies that the coins moved that day are, on average, selling coins at break even. - SOPR >>> (trending higher) implies profits are being realised with potential for previously illiquid supply being returned to liquid circulation - SOPR <<< (trending lower) implies losses are being realised and/or profitable coins are not being spent.