aSOPR (Adjusted SOPR)

Adjusted SOPR filters out all UTXOs with a lifespan of less than an hour from the SOPR metric.

Indicator Overview

Many UTXOs created do not represent a sale or purchase of a given coin (these include relay transactions and change - for more details learn more about how UTXOs work). However, the original SOPR metric treats these as sale/purchase transactions between parties, adding noise to the metric.

As such, adjusted SOPR (aSOPR) filters out all UTXOs with a lifespan of less than an hour and thereby eliminates obvious relay transactions. In turn, this provides a more accurate signal of actual sale/purchase transactions.

How is it measured?

Adjusted SOPR uses the same formula as SOPR, but simply filters out any UTXOs which are less than an hour old.

Further Resources

Renato Shirakashi - Introducing SOPR