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LTH SOPR

LTH spending profit ratio

PropertyValue
CategoryProfit & Loss
UnitDimensionless
Resolution1d
AssetsBTC
TierPro
API EndpointGET /v1/holder/profit
Fieldlth_sopr

Overview​

LTH SOPR (Spent Output Profit Ratio) measures the average profit or loss ratio of coins spent by Long-Term Holders on a given day. LTH/STH classification uses the logistic weighting function centered at 155 days.

Formula​

LTH SOPR=∑WLTH(agei)×USD value of outputs at spending time∑WLTH(agei)×USD value of outputs at creation time\text{LTH SOPR} = \frac{\sum W_{LTH}(age_i) \times \text{USD value of outputs at spending time}}{\sum W_{LTH}(age_i) \times \text{USD value of outputs at creation time}}

Interpretation​

  • SOPR > 1: LTH coins are being spent at a profit on average. Values well above 1 indicate significant profit-taking.
  • SOPR < 1: LTH coins are being spent at a loss — a rare and extreme signal indicating deep capitulation.
  • SOPR = 1: Break-even spending. In bull markets, SOPR often bounces off 1.0 as holders refuse to sell at a loss.

Use Cases​

  • Profit-taking intensity: Track how aggressively long-term holders are realizing gains.
  • Capitulation confirmation: LTH SOPR < 1 is one of the strongest bear market bottom signals.
  • Bull market support: SOPR bouncing off 1.0 confirms bull market support levels.

API Usage​

curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://api.blocklens.co/v1/holder/profit?start_date=2024-01-01&end_date=2024-12-31&limit=365"