Bitcoin STH SOPR
STH SOPR is the version of SOPR applied only to UTXOs spent by short-term holders (generally coins held under 155 days) - considered an early signal of young-investor behavior in market cycles.
Preview: the last 90 days of real data, up to September 27, 2026. The full history and live data are available with Cedvel Pro.
Source: sth_sopr_24h (bitview.space / Bitcoin Research Kit)
What is it?
SOPR applied only to UTXOs spent by short-term holders (STH, generally coins held under 155 days).
How is it calculated?
The same SOPR formula, limited to spending from the STH cohort only.
How to read it
Shows whether short-term/speculative participants sold at an average profit or loss that day - considered an early signal of young-investor behavior in market cycles; it dropping below 1.0 and getting stuck there has historically been seen close to local bottoms.
Things to watch out for
The short-term cohort definition (155 days) is BRK's own threshold - how well this threshold represents 'short-term' can shift over time as market structure changes.
Historical usage
STH SOPR dropping below 1.0 and getting stuck there has historically been seen close to local bottoms - it overlaps with periods where short-term holders are selling at a loss, generally when market fear is most intense.
Frequently Asked Questions
How is STH SOPR different from regular SOPR?
It uses the same SOPR formula (Value at Time of Spend / Value at Time of Creation), but is limited to spending from the short-term holder (STH) cohort only.
How is STH SOPR read?
It shows whether short-term/speculative participants sold at an average profit or loss that day; it dropping below 1.0 and getting stuck there is generally seen close to local bottoms.
What's the limitation of STH SOPR?
The short-term cohort definition (155 days) is BRK's own threshold - how well it represents 'short-term' can shift over time as market structure changes.