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Bitcoin LTH-SOPR

Profit or loss realized by long-term holders when they spend coins.

By Axel Adler Jr. · Updated

Bitcoin LTH-SOPR today

As of , coins spent by long-term holders sold for 0.970 times their value when acquired: a loss on average. A week ago it was 1.175.

Selling at a loss
Selling at a lossSelling at a profit
Current
0.970Selling at a loss
7-day change
−0.205Change in daily readings
30-day average
1.105
1-year average
1.059
1-year low
0.618Jun 30, 2026
1-year high
2.656Jun 21, 2026

Bitcoin LTH-SOPR chart

Daily values (UTC) · BTC price: left axis, log scale · ratio: right axis

Zones

What each zone means

ZoneReading
Selling at a lossbelow 0.995
Near breakeven0.995 to 1.005
Selling at a profitabove 1.005

Reference ranges describe this measure and are not trading instructions.

Readings

Last eight weeks

DateValueState
0.970Selling at a loss
1.175Selling at a profit
1.313Selling at a profit
1.534Selling at a profit
1.420Selling at a profit
1.165Selling at a profit
1.295Selling at a profit
1.183Selling at a profit
Guide

How this measure works

What it measures

LTH-SOPR shows whether long-term holders, coins held 155 days or longer, are selling at a profit or at a loss. A high reading means old coins bought at much lower prices were spent.

Formula

LTH-SOPR = value of coins spent today at today’s price ÷ their value at the price when they last moved, for coins held 155 days or longer

How to read it

Above 1, long-term holders sell at a profit on average; below 1, at a loss. Spikes come from very old, low-cost coins moving. Over the last year the low was 0.618 on Jun 30, 2026 and the high was 2.656 on Jun 21, 2026.

Long ranges (5Y, 10Y and All) show a 7-day average to reduce daily noise. YTD and 1Y, the cards and the summary above use daily values. The tooltip shows both.

To keep everyday moves readable, the chart axis leaves out the most extreme 2% of readings in the selected range. Those days are marked with triangles at the chart edge, and the tooltip shows their value.

Limitations

A high reading can come from a small amount of very old coins: LTH-SOPR shows the profit margin, not how much was sold. LTH vs STH Supply shows the amounts. Read it together with other charts.

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FAQ

Bitcoin LTH-SOPR, explained

What is Bitcoin LTH-SOPR?

LTH-SOPR shows whether long-term holders, coins held 155 days or longer, are selling at a profit or at a loss. A high reading means old coins bought at much lower prices were spent.

What is the latest Bitcoin LTH-SOPR reading?

On Nov 7, 2026, the daily reading is 0.970. A week earlier it was 1.175.

How is the Bitcoin LTH-SOPR chart calculated?

LTH-SOPR = value of coins spent today at today’s price ÷ their value at the price when they last moved, for coins held 155 days or longer. The BTC price on the chart is the daily close of the same day.

How often is the Bitcoin LTH-SOPR chart updated?

Once a day, after the UTC day closes. The date of the latest value is shown at the top of the page.

What history does the Bitcoin LTH-SOPR chart cover?

The chart covers Oct 5, 2009 to Nov 7, 2026. Gaps are not filled with estimates.

Is Bitcoin LTH-SOPR a buy signal?

No. Compare the reading with holder profitability, flows and leverage. A single measure does not determine the next price move.

Read this with

Holder behavior guide
MVRV RatioMarket value vs realized value: how far price sits above the average cost basis.Realized PriceThe average price at which every coin last moved, the market-wide cost basis.NUPLNet unrealized profit or loss held across all coins, as a share of market cap.Exchange NetflowBTC moving onto exchanges minus BTC leaving them, daily.
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