, an asset’s SOPR offers an insight into market-wide sentiment trailing the asset and the degree of profit and losses incurred by its holders over a given period.
When an asset’s SOPR is higher than one within a particular period, it means that those that sold at the current price were at a profit. Conversely, when an asset’s SOPR is less than one within a specified window period, those that sold within that time frame incurred losses.showed. Since 23 November, BTC’s SOPR has returned a value below one, meaning holders that have sold since then saw losses.“The SOPR Ratio below 1.