SOPR
Onchain
Spent Output Profit Ratio — for coins moved on-chain, the ratio of their value when spent to their value when acquired. >1 = spent in profit, <1 = spent at a loss, ~1 = breakeven (a key psychological support/resistance).
Calculation
sum(value spent) / sum(value at creation) over spent outputs (brk_sopr_24h).
Unit & source
ratio · tradingstrategies.work On-Chain Spending-Behaviour (SOPR) methodology
Related terms
Definitions are for research and education. Metrics describe market conditions — not financial advice or a buy/sell signal.