Every Zipp story tagged #SOPR, newest first.
The flip above 1.0 without a flood of supply means the most reactive cohort is no longer the source of marginal sell-side pressure, shifting weight to ETF flows, macro liquidity, and longer-term…
Sustained reads above 1 mean sellers exiting in profit are being absorbed by demand, the defining texture of a structural bull phase. A retest below would flip the signal.
SOPR at break-even means the typical altcoin holder is neither in profit nor loss for the first time in over a year — historically a positioning extreme that often precedes heavy distribution.
Glassnode