SOPR is an indicator that reflects the degree of realized profit and loss for all coins moved on-chain. The SOPR (Spent Output Profit Ratio) indicator provides insight into macro market sentiment, profitability, and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain. In the last two cycles, at the bottom of the market SOPR went down to -1. There is a possibility that in this cycle, SOPR will go down to this amount at the bottom of the market
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