Realised SOPR Zscore SOPR Zscore
Bitcoin
The SOPR Z-Score standardizes the SOPR into standard-deviation units around its historical mean.
Why it matters
It normalizes the SOPR so its extremes are directly comparable across every market cycle.
How it is built
The current SOPR value minus its long-run mean is divided by its standard deviation, giving a dimensionless oscillator centred on zero.
What to watch
High positive readings mark overvaluation and cycle-top risk; deeply negative readings mark undervaluation and accumulation zones.