The SOPR (Spent Output Profit Ratio) Indicator is a deep insight into the market’s macro psychology, potential for profits and losses being made within a specific time frame. By using the SOPR, traders can determine whether the market is making a profit or incurring a loss on average.

If the SOPR value is greater than 1 (SOPR > 1), it implies that coins are moving within a certain period, and on average, being sold at a profit. If the SOPR value is exactly 1 (SOPR = 1), it implies that the average coin movement within a certain period is being sold at break-even. And if the SOPR value is less than 1 (SOPR < 1), it implies that the average coin movement within a certain period is being sold at a loss.

In the recent price push, the SOPR exceeded ‘1’, indicating that bitcoins are moving (on average) with a profit. For the price trend to increase, the SOPR must maintain above 1.

Source: https://azcoinnews.com/sopr-indicator-points-towards-possible-retest-in-the-bitcoin-market.html