Spent Output Profit Ratio — the ratio of the price at which coins were spent to the price at which they were acquired. Shows whether coins are being moved at a profit (>1) or loss (<1).
SOPR > 1 means coins are moving at profit; < 1 at a loss. In bull markets, SOPR bouncing off 1.0 from above is a buying signal. In bear markets, rejection at 1.0 from below is a selling signal.
The sum of all UTXOs valued at the price they were last transacted. Unlike market cap which values all coins at current price, Realised Cap weights each coin by its last on-chain moved price.
Measures the total amount of realised profit and loss relative to the Realised Cap. Indicates the significance of profit/loss-taking activity relative to the market's total value.
UTXO Realised Price Distribution — shows the distribution of Bitcoin's supply at the price levels where coins were last moved. Creates a histogram of cost basis across all supply.
Tracks the flow of capital between different cohorts of Bitcoin holders — from long-term holders to short-term holders and vice versa, based on UTXO age distribution changes.