Spending Behaviour
Onchain· DE: Spending-Verhalten
Whether coins are being moved at a profit or a loss right now, split by holder cohort: aggregate SOPR plus short-term (STH) and long-term (LTH) holder SOPR. Reveals profit-taking vs capitulation and which cohort is driving it. Descriptive, not a signal.
Calculation
SOPR = value spent / value at acquisition (>1 profit, <1 loss). Verdict from aggregate SOPR: >=1.01 profit_taking, <=0.99 loss_realization, else breakeven. realized_pnl_pct = (SOPR−1)×100.
Unit & source
ratio + enum · tradingstrategies.work On-Chain Spending-Behaviour (SOPR) methodology
Values: profit_taking, breakeven, loss_realization
Related terms
Knowledge objects measuring this
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.