Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) by the value at creation (USD) of a spent output. Or simply: price sold / price paid. Bitcoin’s 7-day moving average SOPR has fallen below 1.0, suggesting that a majority of spent outputs are being sold at […]
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Bitcoin SOPR dips below 1.0, mirroring bear market signals from 2018 and 2019