The Daily Dive #101 - SOPR And Illiquid Supply Analysis

Bull Market SOPR Analysis

A key indicator to track on-chain spending behavior and current market sentiment is the Spent Output Profit Ratio (SOPR). SOPR is calculated by dividing the realized value of a spent output (in USD) by the value at creation of the original. Simply put, it’s calculating the price sold over price paid for every UTXO that moves on-…

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