Cryp2Nova

Realised SOPR SOPR

Bitcoin

Spent Output Profit Ratio (SOPR) measures the aggregate realized profit or loss of coins moved on-chain, expressed as their sale value divided by their acquisition value.

Why it matters

It reveals whether the market as a whole is spending coins at a profit (SOPR above 1) or realizing losses (below 1), a direct read on holder profitability behaviour.

How it is built

For every spent output, its USD value at the moment of spending is divided by its value when it was created; SOPR aggregates these ratios across all coins moved in the period.

What to watch

The 1.0 breakeven line is pivotal: it tends to act as support during bull markets, where holders refuse to sell at a loss, and as resistance during bear markets. Sustained crosses flag shifts in market sentiment.

Measured on this chain

Realised SOPR SOPR on Bitcoin last read 0.9883 on Apr 9, 2026, a change of +0.52% over 30 days, ranging from 0.8664 (Apr 9, 2025) to 1.19 (Mar 13, 2024).

Latest reading
0.9883
Apr 9, 2026
Change
1d -0.75%
30d +0.52%
90d -0.49%
1y +14.08%
Range
Low 0.8664·Apr 9, 2025
High 1.19·Mar 13, 2024
Coverage
Jan 31, 2024 — Apr 9, 2026
800 readings
Recent readings
DateValue
Mar 29, 20260.9643
Mar 30, 20260.9515
Mar 31, 20260.9676
Apr 1, 20260.9996
Apr 2, 20260.9637
Apr 3, 20260.9151
Apr 4, 20260.9442
Apr 5, 20260.9829
Apr 6, 20260.9983
Apr 7, 20260.9924
Apr 8, 20260.9957
Apr 9, 20260.9883

Read from our own stored series, not quoted from a page.

Related metrics

Realised SOPR SOPR — Bitcoin · Cryp2Nova