LTH-SOPR (long-term holders)
The same SOPR, restricted to coins that had gone over ~155 days without moving.
Why it matters
Long-term holders realizing losses (below 1) is rare and has clustered near deep capitulations; unusually high realized profit clusters near euphoric tops.
Build it yourself
Same as SOPR, but thinking only about veteran coins (over 155 days old). This group selling at a loss is the part worth noticing.
LTH-SOPR = LTH spend value ÷ LTH creation value
LTH-SOPR
Illustrative example numbers for practice — not real data.
How it's calculated, step by step
- Same mechanism as SOPR: for every spent input, spend value (today's price) and creation value (the price on the day the output was created).
- It keeps only coins spent past 155 days of age — the same cutoff STH-SOPR uses, from the opposite side.
- LTH-SOPR = that subset's accumulated spend value ÷ accumulated creation value.
Coincident signal.
Since this group rarely sells at a loss, when it does it's a more extreme signal (though still coincident, not predictive) than overall SOPR.
Chart
This is real Bitcoin data, computed from the blockchain — not the illustrative example above.
Data last updated on 2026-09-09.