1
The SOPR metric and Bitcoin or other popular cryptocurrency prices are observed to have positive correlation.
2
The SOPR metric can act as a threshold to determine the direction of price movement in crypto market.
3
The SOPR is used as an indicator that reflects the degree of profit or loss of an asset.
The Spent Output Profit Ratio (SOPR) is a ratio that evaluates the profit ratio of all market participants by comparing the value of outputs at the time spent to the time created. In different words, the user can estimate whether the distribution of spent transaction output is profitable or not.
This ratio may be used to determine whether the selling price of an asset is higher or lower than its buying price. If the selling price is better than the buying price, it states that the asset is sold at a profit or a vise-a-versa.
SOPR is typically observed on a daily basis and is used to evaluate the profit or loss within a day for assets.
We współpracy z: https://www.thecoinrepublic.com/2024/01/22/sopr-useful-metric-in-determining-the-direction-of-crypto-market/
