SOPR Multi-Horizon
Spent Output Profit Ratio rendered across four horizons (24h raw, 1-week, 1-month EMA, 1-year EMA) in a single overlay. Reading short and long horizons together separates transient noise from durable regime shifts around break-even.
What is it?
This view overlays SOPR at four time scales: the daily value (24h), the native weekly version, and exponential smoothings at 1 month and 1 year. Reading these horizons together helps distinguish a passing oscillation from a genuine shift in the profit/loss realisation regime around the break-even line of 1.
How to read
All curves share the break-even line of 1. Short horizons (24h, 1 week) react fast but are noisy; long horizons (1-month, 1-year EMA) are slow but robust. A switch confirmed across all horizons indicates a major regime change; a divergence (short term below 1, long term above) indicates a mere breather. The toolbar's «Zones» toggle overlays the loss / profit / overheating band reading to spot each horizon's regime at a glance.
Key zones
The line at 1 is shared by all four horizons. The spread between short and long horizons measures current tension: a short horizon plunging below 1 while the yearly horizon stays above marks a correction within a still-healthy trend.
What to observe
Watch the alignment or divergence of horizons. Alignment of all horizons on the same side of 1 confirms a regime; a crossing of the yearly horizon below 1 is rare and has historically marked deep bear markets.
Historical context
The yearly horizon dropped below 1 only during the most severe bear markets, while short horizons oscillate at every correction. This horizon hierarchy helped distinguish passing corrections from true reversals across past cycles.
Expert notes
All four horizons are smoothings of base SOPR: the raw series (~daily scale) then three exponential moving averages (spans 7 / 30 / 365 days) representing the weekly, monthly and yearly scales. They describe the SOPR trend at those smoothing scales, not the SOPR of coins aged one week, one month or one year. A multi-scale trend reading, not an age-cohort one.
Common mistakes to avoid
Do not confuse the 1-year horizon (a smoothing) with a long-term-holder SOPR. The four curves describe the same data at different smoothing scales. A noisy short horizon does not contradict the long horizon - it complements it.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/sopr-timeframe-4views/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "sopr-timeframe-4views",
"timeframe": "1y"
}Required tier: performance. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
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Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.