Definition. Entity-Adjusted SOPR is a variant of SOPR that discards transactions between addresses of the same entity ("in-house" transactions), so the aggregate accounts for real economic activity and provides an improved market signal compared to the raw UTXO-based counterpart.

Interpretation. Readings above 1 mean the average coin moved that day was sold at a profit, readings below 1 mean it was sold at a loss.

Notes. For more information on entity-adjustment and account-based metrics, read our articles here and here.