BTC SOPR is converging, signaling breakout
BTC SOPR indicator, useful for long-term investors, typically signals a breakout -- people are not taking profits or losses.
Diamond-hands are accumulating.
"Definition. Spent Output Profit Ratio (SOPR) evaluates the profit ratio of the whole market participants by comparing the value of outputs at the spent time to created time. In a simple way, you can estimate the distribution of spent transaction output is in profit or not." [1]
No financial advice.
[1]dataguide.cryptoquant.com/utxo-data-indicators/spent-output-profit-ratio-sopr
Diamond-hands are accumulating.
"Definition. Spent Output Profit Ratio (SOPR) evaluates the profit ratio of the whole market participants by comparing the value of outputs at the spent time to created time. In a simple way, you can estimate the distribution of spent transaction output is in profit or not." [1]
No financial advice.
[1]dataguide.cryptoquant.com/utxo-data-indicators/spent-output-profit-ratio-sopr
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