Masterclass #6: SOPR
There are many metrics in onchain analysis, but few of them are as powerful and useful as SOPR. If I had to choose only one metric to take with me to analyse Bitcoin on a desert island, this is it.
‘be fearful when others are greedy and to be greedy only when others are fearful’ —Warren Buffet
G’day Folks,
I am very excited to bring you the next edition of the checkonchain masterclass series, and today we have something really special. In this session I will cover one of the most powerful, and most useful onchain metrics in our tool-belt, and that is the family of SOPR metrics.
If I was tasked with analysing Bitcoin for an entire cycle using just ONE metric, Short-Term Holder SOPR would hands down, without question, be my choice. It is the Swiss army knife of Bitcoin tools.
Mastery of SOPR will take a few reads of this piece, and a bit of practice. However, for the humble sat stacker, there really is no second best. I personally use SOPR to keep a clear head, counter FOMO, and to optimise my DCA strategy.
I use SOPR to avoid FOMO buying in risky situations, often when the market getting is overly optimistic, usually at the exact wrong time.
I use SOPR to buy when others are fearful, especially when they are capitulating en-mass near a cycle bottom, or during a bull market correction.
I use SOPR to track the characteristics of the market, and to assess whether we are in a bull, a bear, or something in between.
In this masterclass, we will:
Establish the fundamentals of SOPR so we can see why it is so powerful.
Use SOPR to pick both local and global tops and bottoms.
Apply SOPR for determining whether we are in a bull or a bear market.
Assess market probabilities using a very simple framework.
Compare the three variants; SOPR, Long-Term Holder SOPR, and Short-Term Holder SOPR.
Without further ado, let’s dive into the absolute OG GOAT metric: SOPR.
Premium Members will find the full masterclass, and video update (34 mins) below. Consider upgrading to premium today to unlock the rest of the content!