What Is aSOPR?
Adjusted SOPR (aSOPR) is a refined version of the Spent Output Profit Ratio that excludes outputs with a lifespan of less than one hour. This filtering removes relay transactions, change outputs, and consolidation transactions that add noise to the raw SOPR signal, producing a cleaner measure of actual holder behavior.
How aSOPR Works
aSOPR = 1.0 is the critical dividing line. Above 1.0, coins are being moved at profit on average. Below 1.0, coins are being moved at a loss. In bull markets, aSOPR touching 1.0 from above and bouncing is a buy signal — holders briefly in loss chose to hold rather than sell. In bear markets, aSOPR failing to sustain above 1.0 confirms continued capitulation.
Why It Matters for Traders
aSOPR is one of the most precise on-chain timing tools. The 7-day SMA of aSOPR smooths daily noise while preserving signal quality. Bull market dips that bring the 7-day aSOPR to exactly 1.0 have historically been the best risk-adjusted entries for BTC. Conversely, aSOPR surging above 1.05 signals overheated profit-taking and often precedes short-term corrections.
