LTH-SOPR vs Price
Shows raw daily LTH-SOPR across the whole cycle on a log axis, with BTC price as a second log axis. Unlike the smoothed SOPR oscillator, the extreme raw spikes of the early chain and the profit-taking peaks of late bull phases stay legible. Peaks well above 1 = long-term holders realising profit (late bull); sustained below 1 = even conviction holders at a loss (capitulation, historically near bottoms). LTH series is BRK-native. Descriptive, not a buy/sell signal.
- Formula:
- LTH-SOPR = Realized Value (USD at sale) ÷ Value at Creation (USD at buy), coins held ≥ 155 days · raw daily, log scale
- Originator:
- Renato Shirakashi (Unchained, 2019)
- Data source:
- BRK (Bitcoin Research Kit, brk_lth_sopr_24h, ab 2010) + btc_price_daily (TradingView/Binance).
Strategies to backtest
Thematically related strategies from our library — try them in the backtest engine or read up on the methodology.
The textbook RSI strategy — buy when oversold (RSI < 30), sell when overbought (RSI > 70). Best in sideways markets.
Open strategy →Buy a fixed amount on a fixed schedule — week after week, regardless of price. Smooths volatility, removes timing decisions.
Open strategy →More Bitcoin indicators
Difference between market cap and realized cap, normalised by standard deviation. Values above 5 mark the top region (4 of 5 historical bull tops), below 0 every bottom.
BTC price coloured by MVRV Z-Score regime — from deep accumulation (green) to euphoria (red). Makes valuation phases visible over time.
Aggregated unrealised profit of all coins, five phase bands from capitulation to euphoria. Measures on-chain market sentiment.