Onchain Highlights
DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid.
Bitcoin’s Spent Output Profit Ratio (SOPR) has displayed marked fluctuations throughout 2024. The SOPR has consistently hovered near or above 1.0, indicating that the majority of spent outputs were sold at a profit.
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