Spent Output Profit Ratio (SOPR)
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XRP Panic Selling? Key On-Chain Metric Flips Bearish to Levels Last Seen in 2022
Yahoo Finance· 2026-02-10 10:24
Core Insights - XRP has experienced a significant decline, trading over 60% lower than its all-time high, with current prices around $1.44 as of February 10, 2026 [1][6] - On-chain indicators reveal increased panic among XRP holders, with a notable rise in exchange inflows indicating potential selling pressure [1] - The Spent Output Profit Ratio (SOPR) for XRP has fallen below 1, indicating that holders are realizing losses, which is often associated with capitulation and bearish market conditions [2][3][7] Market Sentiment - The SOPR metric, which measures the profitability of transactions, has dropped from 1.16 in July 2025 to 0.96 in early February 2026, reflecting negative aggregate holder profitability [3][4] - The realized price of XRP is currently $1.48, similar to levels seen in April 2022, suggesting a bearish market environment [4] - Analysts are divided on future price predictions, with some forecasting a range of $5–$15 by year-end, while others, including Ripple's CTO, express skepticism about reaching $50–$100 in the near term [7] Price Performance - XRP's price has continued to decline, with a recent drop of over 10% amid heavy liquidations, trading at approximately $1.44 [6][7] - Historical data indicates a sharp decline from $1.65 on January 31 to $1.29 by February 5, marking a 16% drop in a single day, coinciding with a 7% decline in Bitcoin [8]
BNB’s Big Rally Looks Shaky: Are Quick Sellers Lining Up?
Yahoo Finance· 2025-10-15 11:18
Core Insights - BNB has achieved a new all-time high (ATH) despite broader market struggles, but may face volatility as short-term holders look to take profits [1] Market Sentiment - The Spent Output Profit Ratio (SOPR) indicates diminishing profitability among BNB investors, with recent readings near the neutral 1.0 level, suggesting minimal profits being realized [2] - A dip in SOPR below 1.0 would indicate selling at a loss, historically leading to selling fatigue and potential price stabilization [3] Short-Term Holder Dynamics - BNB's short-term holder Net Unrealized Profit/Loss (STH NUPL) has recently exceeded the 0.25 threshold, a historical warning sign that often precedes profit saturation and subsequent selling [4] - Current NUPL data suggests many short-term holders are experiencing significant gains, increasing the likelihood of sell-offs [5] Price Levels and Projections - BNB is currently trading at $1,181, above the key support level of $1,136, but weakening sentiment may test this support soon [6] - If bearish momentum increases, BNB could decline towards $1,046, with a potential deeper correction down to the psychological support zone at $1,000 [7] - Conversely, if BNB holds above $1,136 and attracts buying interest, a rebound towards $1,308 is possible, with a decisive break above this resistance potentially leading to a retest of the $1,375 ATH [8]