This Onchin metric is based on SOPR data Use this metric on daily and weekly timeframes: SOPR: 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. Renato Shirakashi created this metric. When SOPR > 1, it means that the owners of the spent outputs are in profit at the time of the transaction; otherwise, they are at a loss. You can find "SOPR" in tradingview indicators BTC SOPR Momentum: Onchain This metric is based on SOPR Momentum. I made some changes to it so that its momentum can be checked. Interpretation: If the indicator is above the gray level of resistance/support, bitcoin has an uptrend and Bullish bias If the indicator is below the resistance/ support level, bitcoin has a downtrend and Bearish Bias Crossup the gray level is a long signal Cross-down the gray level is a shorts signal Entering and exit of the indicator to the overhigh area means creating a top Entering and leaving the indicator to the overflow area means creating a bottom