monsieurdeivid on Nostr: 2/ SOPR (SPENT OUTPUT PROFIT RATIO): it is the ratio between the value of the UTXO ...
2/ SOPR (SPENT OUTPUT PROFIT RATIO): it is the ratio between the value of the UTXO when created and when the UTXO is spent.
Greater than 1 -> Bullish
Lower than 1 -> Bearish
On 01-11-23 this indicator is triggered. Chart shows a changing trend from less than 1 to more than 1.
I use 14D moving average. For more noise try 7D
https://studio.glassnode.com/metrics?%253Bm=indicators.Sopr&%3B%253BmAvg=7&%3B%253Bs=1423829821&%3B%253Bu=1581509821&%3B%253Bzoom=1825&%3Ba=BTC&%3Bm=indicators.Sopr&a=BTC&ema=0&m=indicators.Sopr&mAvg=14&mMedian=0&s=1590969600&u=1676501999&zoom=
Greater than 1 -> Bullish
Lower than 1 -> Bearish
On 01-11-23 this indicator is triggered. Chart shows a changing trend from less than 1 to more than 1.
I use 14D moving average. For more noise try 7D
https://studio.glassnode.com/metrics?%253Bm=indicators.Sopr&%3B%253BmAvg=7&%3B%253Bs=1423829821&%3B%253Bu=1581509821&%3B%253Bzoom=1825&%3Ba=BTC&%3Bm=indicators.Sopr&a=BTC&ema=0&m=indicators.Sopr&mAvg=14&mMedian=0&s=1590969600&u=1676501999&zoom=