Spent Out Profit Ratio (SOPR)
SOPR is a metric that indicates the aggregate gains and losses realized on a particular day. It is considered a reflection of market sentiment. Both the absolute value of the indicator and the prevailing trend provide information on the behavior of market spending.
It is calculated by dividing the value at which you sold today and the value at which you bought those bitcoins.
A value less than 1 indicates that current sellers are losing money and often causes a slowdown in sales, creating a support zone. More information.