Dr. Mitch Whittal

Bitcoin SOPR What is STH-SOPR? Short-Term Holder Spent Output Profit Ratio measures the proportion of short-term holders (<155 days) that are in a profit (>1), or loss (<1). Plotted below are Bitcoin's SOPR values (30-day moving average - green) over the major years of exchange trading. Many short-term holders sell at a loss; don't be one of them. Wait. We're in a bull market now, this is no place for weak hands. Interesting stats: Short-term sellers sold at a loss on 74% of days in bear markets and 8% of days in bull markets*. * Bull and bear markets were defined as periods when the 90-day price appreciation was >+50% and <-20%. I know, this is not a typical or overly useful definition, but it was required for the project I was working on. Interesting nonetheless.

WhittalMitch's tweet photo. Bitcoin SOPR

What is STH-SOPR?

Short-Term Holder Spent Output Profit Ratio measures the proportion of short-term holders (<155 days) that are in a profit (>1), or loss (<1).

Plotted below are Bitcoin's SOPR values (30-day moving average - green) over the major years of exchange trading. Many short-term holders sell at a loss; don't be one of them. Wait. We're in a bull market now, this is no place for weak hands.

Interesting stats: Short-term sellers sold at a loss on 74% of days in bear markets and 8% of days in bull markets*.

* Bull and bear markets were defined as periods when the 90-day price appreciation was >+50% and <-20%. I know, this is not a typical or overly useful definition, but it was required for the project I was working on. Interesting nonetheless.

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Dr. Mitch Whittal

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