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Holder Profit/Loss Collection

LTH-SOPR / STH-SOPR Split

Long-term and short-term holder profit-taking, shown separately instead of as a combined ratio

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Chart informationLTH-SOPR / STH-SOPR Split

About This Indicator

LTH-SOPR and STH-SOPR measure the realized profit or loss ratio (sale price divided by acquisition price) for coins moved on-chain by long-term holders (held 155+ days) and short-term holders separately. A value above 1 means that cohort is on aggregate selling at a profit; below 1 means it is on aggregate selling at a loss. Viewing the two cohorts separately is sharper than the combined SOPR Ratio, since LTH and STH capitulation carry very different implications for cycle stage.

Current Value & Interpretation

BTC price
No data
LTH SOPR
No data
STH SOPR
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Signal
No data

Waiting for LTH/STH SOPR data.

Data Sources

  • Bitcoin price: CoinGecko API via backend price history
  • LTH SOPR: bitcoin-data.com free public API, ingested daily and stored server-side (available from 25 June 2022)
  • STH SOPR: bitcoin-data.com free public API, ingested daily and stored server-side (available from 25 June 2022)

Last Updated

Waiting for data

Related Charts

  • Bitcoin NUPLNet Unrealized Profit/Loss estimates aggregate unrealized profit or loss across the network, approximated in this app from price and realized price.
  • SOPR Ratio (LTH/STH)Divides long-term holder SOPR by short-term holder SOPR to compare profit-taking behavior between experienced holders and newer market participants. SOPR itself measures whether spent coins are moving in profit or loss.
  • Bitcoin: Long-Term Holder Percent Supply in ProfitEstimates the share of Long-Term Holder (LTH) supply whose cost basis sits below the current price. No free source provides the full LTH UTXO cost-basis distribution this metric needs, so this chart is grounded in bitcoin-data.com's real LTH-MVRV series (price ÷ the LTH cohort's own realized price) fed through the same statistical curve used by the network-wide Percent Supply in Profit chart. Real LTH-MVRV only goes back to 2022-08 (a hard limit on this vendor's free tier); the dashed portion before that is a further estimate, fitted from the real LTH-MVRV/network-MVRV relationship over the 2022+ overlap and projected onto real network MVRV history back to 2013. Treat the solid portion as an approximation of the real metric's shape, and the dashed portion as an approximation of an approximation.
  • Bitcoin Supply Unmoved 4+ YearsTracks the share of Bitcoin's circulating supply held in addresses that have not moved coins in over 4 years, alongside Bitcoin price. This "dormant supply" grows as long-term holders accumulate and hold through market cycles, and tends to fall when old coins get spent, which has often coincided with distribution near cycle tops. Real UTXO age-band supply data, sourced from Bitview (Bitcoin Research Kit), a free public on-chain analytics API — not a proxy or model.