🧮 The BITCOIN Metric That Turns Fear Into Signal 📶

When price looks weak, I don’t look at candles.

I look at who is actually selling 👀

That’s what SOPR measures.

SOPR = Spent Output Profit Ratio

In simple terms:

👉 Are coins being sold at a profit or a loss? 🤔

• SOPR > 1 → sellers are in profit

• SOPR < 1 → sellers are selling at a loss

Right now, SOPR is sitting below 1.

That matters.

📊 Historically, sustained SOPR < 1 means:

• Weak hands are capitulating

• Long-term holders stop selling

• Selling pressure naturally dries up

Every major $BTC recovery started after this phase !

🧠 Why this is different now:

Bitcoin isn’t being dumped by conviction sellers.

It’s being sold by impatient capital.

Meanwhile:

• ETFs keep absorbing supply

• Long-term holder SOPR stays positive

• New issuance is structurally lower

That’s not a market collapsing.

That’s a market resetting ownership.

⏳ SOPR doesn’t predict tops or bottoms.

It tells you when selling stops being rational.

And when selling stops making sense…

price usually doesn’t stay low for long.

This isn’t about timing a pump.

It’s about recognizing when risk asymmetry flips.