2026-01-23
STH-SOPR: 0.9454.
Bitcoin price in the same daily row: $89,493.00. Spent outputs were valued below their value at creation in aggregate; this does not identify actual sales.
BTC: STH-SOPR
Value at spend divided by value at creation for young outputs.
Latest daily observationProvisional day
- STH-SOPR
- 0.9974
- Bitcoin price
- $82,181.97
Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-22 07:00 UTC (hour start).
This day is incomplete and may change. Daily flows accumulate through the latest update; they differ from a single hourly point.
Data cross-checked. Cross-checked daily against an independent on-chain data provider: median difference 0.0030 over 1,384 days (2023-01-01 to 2026-10-15); 95% of days within 0.0213. Checked 2026-10-22. Data status
Recent daily values
The last seven closed UTC days. These values remain daily when you change the chart range.
| Date (UTC) | STH-SOPR | Bitcoin price |
|---|---|---|
| 2026-10-21 | 1.0057 | $84,023.24 |
| 2026-10-20 | 1.0017 | $82,946.03 |
| 2026-10-19 | 1.0022 | $81,840.01 |
| 2026-10-18 | 1.0005 | $82,001.58 |
| 2026-10-17 | 0.9996 | $81,384.63 |
| 2026-10-16 | 1.0016 | $81,501.10 |
| 2026-10-15 | 0.9991 | $82,131.10 |
Formula
STH-SOPR = Σ(spent young BTC × price at spend) / Σ(spent young BTC × price at creation).
How to read it
A ratio above 1 means the aggregate value at spend time exceeds the value at creation; below 1 means the opposite. The daily ratio aggregates the entire day. The chart also shows an arithmetic seven-day moving average.
Limitations
- Daily SOPR is a ratio of summed values, not an average of hourly ratios. No-spend periods have no ratio. The pipeline does not exclude outputs spent within one hour.
- On-chain movements include transfers between an owner's own wallets. They do not establish actual purchases, sales or investor identity.
- The latest day is provisional. Data is updated daily; hourly resolution does not mean hourly publication.
Historical examples
Selected mechanically: the lowest and highest closed-day STH-SOPR in the available history (2023-01-01 to 2026-10-21). These are observations, not forecasts or trading signals.
2024-03-13
STH-SOPR: 1.0765.
Bitcoin price in the same daily row: $73,081.58. Spent outputs were valued above their value at creation in aggregate; this does not identify actual sales.
Download these closed daily observations (JSON)
Source: Computed from the chain (BigQuery public dataset crypto_bitcoin), hourly resolution. Price source: Bitstamp BTC/USD hourly candles. rows before 2025-10-06 computed with daily prices (Coin Metrics); hourly prices from then on Methodology and sources.