Bitcoin SOPR dips below 1.0, mirroring bear market signals from 2018 and 2019

Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) by the value at creation (USD) of a spent output. Or simply: price sold / price paid.  Bitcoin’s 7-day moving average SOPR has fallen below 1.0, suggesting that a majority of spent outputs are being sold at […] source: https://cryptoslate.com/insights/bitcoin-sopr-dips-below-1-0-mirroring-bear-market-signals-from-2018-and-2019/