Metric Overview
The ETH/BTC SOPR metric provides a comparison between the Ethereum SOPR and Bitcoin aSOPR metrics (both on 7D-EMA). This provides insight into the relative profitability of coins spent on each network. It is calculated as the ratio between ETH-SOPR and BTC-SOPR.
It has similar properties and interpretation frameworks to the suite of SOPR metrics.
This tool provides insight into relative profitability and thus market strength between each asset:
Consistent SOPR values below 1 signals that investors are realizing fewer profits, or heavier losses on their spent ETH, than their equivalents are on BTC. It typically signals weakness in the ETH/BTC ratio.
Consistent SOPR values above 1 signals that investors are realizing greater profits, or fewer losses on spent ETH, than their equivalents are on BTC. It typically signals strength in the ETH/BTC ratio.
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