Short-term holder SOPR chart — Bitcoin

Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.Beta — we are still testing the interface. Use Perly as a demo; we will announce the live launch on our social channels.

Charts

Bitcoin

Short-term holder SOPR

Whether coins younger than 150 days move at a profit (above 1) or a loss (below 1) — bull markets bounce off 1.

Price$84.5K

A trailing week of spending, so one day's panic does not paint the week. In a bull market the line tends to bounce off 1; in a bear market it tends to be turned back by it. Drag to zoom · double-click resets

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How this is built

Whether coins younger than 150 days move at a profit (above 1) or a loss (below 1) — bull markets bounce off 1.

FormulaΣ₇ₔ P_out / Σ₇ₔ P_in, age < 150ₔ

AuthorGlassnode

The idea and the formula are Glassnode's. Perly claims no authorship of it — what is ours here is the drawing, computed from public data.