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.

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