Dashboard/Lab/LTH SOPR

LTH SOPR

Cohort Cost Basis

Spent Output Profit Ratio for long-term holders. Sharp rises signal seasoned holders taking profit; below 1 is rare and marks deep capitulation.

Current Value

1.2130

As of

2026-10-16

Z-Score

—

Signal

Green

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Methodology

Open, reproducible — computed from our own archive node

Definition

Long-Term Holder SOPR (true cohort) — profit ratio of spends from coins older than 155 days. Replaces the LTH-SOPR proxy.

Formula

lth_sopr = Σ lth_spent_market_usd / Σ lth_spent_realized_usd

How we compute it

From long-term-holder spent outputs (market value at spend ÷ cost basis), via the cohort-extraction stage.

Provenance · Every on-chain metric traces back to our own self-hosted Bitcoin archive node — no third-party data vendor sits in the path. We extract the full UTXO lifecycle (each output's creation height/time, value, and the height/time it was later spent), join it against an independent USD price oracle, and roll it up into daily aggregates. The metric formulas are pure functions over those aggregates (src/pipeline/formulas.py), so any value on this page can be reproduced from the published daily archive.

Interpretation

Sharp rises signal seasoned holders taking profit (top-forming); readings below 1 are rare and mark deep capitulation.

> 1LTHs in profit
0.9 – 1Thin profit
< 0.9LTH capitulation (rare)

Caveats & limitations

  • ·Requires the cohort-extraction stage. (The earlier `lth_sopr_proxy` = SOPR × LTH supply share was withdrawn in Sep 2026: it was not a SOPR ratio.)
Data points: 5,726 rows, 2011-01-23 to 2026-10-16Open in Lab →

Current LTH SOPR reading

As of 2026-10-16, Bitcoin’s LTH SOPR is 1.213, compared with 1.356 one year earlier (2025-10-16). The series has 5,726 daily readings from 2011-01-23 to 2026-10-16, computed from our own full-archive Bitcoin node and refreshed every day.

Historical extremes

The highest LTH SOPR on record is 667,287.7 on 2011-06-23; the lowest is 0.129 on 2011-11-28. Readings near either end of that range have historically coincided with cycle turning points — use the chart above to see where today sits relative to past extremes.

Read it with

  • Realized Price — Aggregate cost basis of all coins — realized cap divided by circulating supply.
  • STH Cost Basis — Realized price of short-term holders (coins younger than 155 days).
  • LTH Cost Basis — Realized price of long-term holders (coins older than 155 days).
  • STH MVRV — Short-term holder MVRV — market value vs cost basis for coins under 155 days.
  • LTH MVRV — Long-term holder MVRV — market value vs cost basis for coins over 155 days.

Data & method

Source: computed from raw UTXO data on OnChainLab’s own Bitcoin node — no third-party data vendor. Category: Cohort Cost Basis. Last updated 2026-10-16. The full series is free to download as JSON or as part of the full daily CSV, and the published dataset is cryptographically committed — you can verify it yourself. Browse all metrics.