SOPR stand for Spent Output Profit Ratio. It’s a Bitcoin on-chain metric that shows whether Bitcoin spent outputs (UTXO’s) are being realized in profit or loss. It’s calculated by dividing realized value by the value at creation (price sold / price paid).
SOPR servers as a great short/mid-term indicator.
Using the Glassnode BTC SOPR Toolkit, we can get insight into Bitcoin's macro market structure using a long timeframe (100 day) moving average.
Indicator - Glassnode BTC SOPR Toolkit
SOPR Toolkit Settings: - Chart: 1 Day - Moving Average Length: 100 - Moving Average Type: Volume Weighted Exponential Moving Average (VW-EMA)
@letinthevoid, I have it linked as a related idea. From there you can add it as a favorite indicator. Otherwise, you can just search for the indicator 'Glassnode BTC SOPR Toolkit' and you'll find it pop up there.