<h2 id="quick-take">Quick Take</h2>
<ul>
<li>The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output — or simply: price sold / price paid.</li>
<li>Adjusted SOPR is SOPR ignoring all outputs with a lifespan of less than 1 hour.</li>
<li>aSOPR has been holding above 1.0 since the SVB collapse back in March. This signifies that the market is now, on average, realizing profits in on-chain spending.</li>
<li>This generally aligns with a healthier inflow of demand (to absorb profit-taking) and a more constructive opinion of the asset.</li>
</ul>
<div class="css-1dbjc4n">
<div class="css-1dbjc4n r-1s2bzr4">
<ul>
<li id="id__uiugcwvjmfm" class="css-901oao r-18jsvk2 r-37j5jr r-1inkyih r-16dba41 r-rjixqe r-bcqeeo r-bnwqim r-qvutc0" dir="auto" lang="en" data-testid="tweetText"><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">We tested 1.0 at the end of March, and I expect to test it a few more times — similar to previous bear markets. We can undershot 1.0 to flush out leverage, similar to 2019.</span></li>
<li dir="auto" lang="en" data-testid="tweetText">While both long and short-term holders realized profits for the first time since May 2022, this was in a downtrend in price. So we are in a similar period to early 2020 regarding price ascending.</li>
</ul>
</div>
</div>
<div dir="auto" lang="en" data-testid="tweetText">
<figure id="attachment_322711" aria-describedby="caption-attachment-322711" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-322711 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/SOP.png" alt="SOPR: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/SOP.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/SOP-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/SOP-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/SOP-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/SOP-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-322711" class="wp-caption-text">SOPR: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_322709" aria-describedby="caption-attachment-322709" style="width: 1252px" class="wp-caption aligncenter"><img class="wp-image-322709 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/asopr.jpg" alt="ASOPR: (Source: Glassnode)" width="1252" height="695" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/asopr.jpg 1252w, https://cryptoslate.com/wp-content/uploads/2023/05/asopr-300x167.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/asopr-1024x568.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/asopr-768x426.jpg 768w" sizes="(max-width: 1252px) 100vw, 1252px" /><figcaption id="caption-attachment-322709" class="wp-caption-text">aSOPR: (Source: Glassnode)</figcaption></figure>
</div>
<div dir="auto" lang="en" data-testid="tweetText"></div>
<div class="css-1dbjc4n">
<div id="id__ucx2w9lf21d" class="css-1dbjc4n r-1ssbvtb r-1s2bzr4" aria-labelledby="id__y4c2ngdy22s id__pgtc6e1jwv">
<div class="css-1dbjc4n r-9aw3ui">
<div class="css-1dbjc4n">
<div class="css-1dbjc4n r-1ets6dv r-1867qdf r-1phboty r-rs99b7 r-1ny4l3l r-1udh08x r-o7ynqc r-6416eg"></div>
</div>
</div>
</div>
</div>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/profit-realization-on-the-rise-asopr-holds-steady-above-1-0-since-marchs-svb-collapse/">Profit realization on the rise: aSOPR holds steady above 1.0 since March&#8217;s SVB collapse</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Profit realization on the rise: aSOPR holds steady above 1.0 since March’s SVB collapse

Table of Contents

CryptoSlate

Other articles published on May 4, 2023

ChatGPT and AI the Newest Vector for Malware: Meta Security Team

SEC Steps Back From Defining Digital Assets in New Hedge Fund Rules

PacWest Bancorp Suffers Major Blow As Stock Prices for US Regional Banks Take a Dive

Bitcoin and Gold gain ground as US banking sector struggles

Balancing Power in DAOs: Methods, Pros, and Cons

Russia points finger at U.S. for Kremlin drone attack

Join our free newsletter for daily crypto updates!