BITCOIN SOPR BY COIN AGE
Are the old hands selling at a profit?
When coins move, the chain shows the price they last moved at. This page runs that profit check for every age of coin, from a week old to ten years and up.
1 year and older: profit ratio when they moved
Each line is the profit ratio on coins at least that old when they moved. Above the 1.0 line they sold above what they paid. Gaps are days with no reading, almost always because no coins that old moved. The chart draws the age you pick and its two nearest rungs; pick another age above to slide the window (log scale).
2 years and older. Latest displayed reading: 1.53 on Aug 15, 2026. This view shows 4,998 dated readings from Aug 27, 2012 to Aug 15, 2026. The latest displayed reading is lower than the first. The displayed low is 0.43 on Feb 1, 2016. The displayed high is 346602.00 on Jan 17, 2013. 104 days in this range have no reading.
1 year and older (selected). Latest displayed reading: 1.03 on Aug 15, 2026. This view shows 5,313 dated readings from Jan 2, 2012 to Aug 15, 2026. The latest displayed reading is lower than the first. The displayed low is 0.26 on Jan 25, 2019. The displayed high is 425419.00 on Feb 2, 2012. 27 days in this range have no reading.
6 months and older. Latest displayed reading: 0.91 on Aug 15, 2026. This view shows 5,341 dated readings from Jan 1, 2012 to Aug 15, 2026. The latest displayed reading is lower than the first. The displayed low is 0.21 on May 24, 2012. The displayed high is 345.05 on Dec 21, 2013. Every day in this range has a reading.
Inspect a chart date
Arrow keys move one plotted point. Home and End jump to the first and latest points.
- 2 years and older: 1.53
- 1 year and older (selected): 1.03
- 6 months and older: 0.91
Are the old hands selling at a profit?
Old hands sold at a profitCoins at least a year old that moved over the past day went for 1.0256 times the price they last moved at. The ladder below runs the same read for every minimum age, up to the ten-year-and-older coins.
How does it look at every age?
Coins at least this old Profit ratio The read 10 years and older 251.8129 sold 252× cost 7 years and older 11.2301 sold 11.2× cost 5 years and older 4.1167 sold 4.1× cost 3 years and older 3.1188 sold 3.1× cost 2 years and older 1.5273 sold 53% up 1 year and older 1.0256 sold 3% up 6 months and older 0.9145 sold 9% down 1 month and older 0.9109 sold 9% down 1 week and older 0.9566 sold 4% down What should you keep in mind?
Each row includes everything older than it: the one-week row counts every coin over a week old, the one-year row every coin over a year. The rows overlap by design, so they are never added together.
A ratio of 1.0 is breakeven. Old coins almost always sell far above it because they were bought years ago at much lower prices, so the number to watch is the change: old hands letting go at shrinking multiples, or at a loss, has been rare and worth attention.
Moving is not the same as selling. These figures count every coin that changed addresses, including coins someone shuffled between their own wallets and the change that comes back from a normal payment. Read the levels as honest ceilings, not exact sales figures.
What does this mean for you?
Most days, the coins that move are young and the old coins sit still. That makes the old rungs of this ladder quiet most of the time, and loud exactly when it matters: when coins that sat for five or ten years start moving, someone with years of patience decided this price was the one to act on.
Past cycle peaks saw old coins cashing in at huge multiples; past bottoms saw even patient holders letting coins go near or below cost. Either way, this is a read on what long-held coins actually did, not a prediction or advice to buy or sell.
Understanding Bitcoin SOPR by Coin Age
Every coin that moves carries a receipt: the price it last moved at. Compare that with the price it moves at now and you know whether it went at a profit or a loss. This page runs that check as a ladder of minimum ages: coins at least a week old, at least a month, on up to coins that sat for ten years or more.
The technical name for the check is SOPR, short for Spent Output Profit Ratio: the sale value of moved coins divided by their value when they last moved. A reading of 1.0 is breakeven. Old coins usually post big numbers because they were bought years ago at far lower prices; a ten-year coin moving at three hundred times its old price is normal arithmetic, not a signal by itself.
The signal is in the change. Old hands letting coins go at shrinking multiples, or near breakeven, has been rare; the biggest waves of old-coin profit-taking clustered near past market peaks, and old coins moving at a loss has marked the most washed-out stretches in Bitcoin's history.
Each rung of the ladder includes everything older than it, so the rungs overlap by design and are never added together. On days when no coins of a given age move at all, that rung simply has no reading, which is itself information: the old hands sat still.
One honest caveat: a move is not always a sale. The check counts every coin that changed addresses, including wallets reorganizing their own coins, and on the very oldest rungs a few early-era moves carry no usable buy price at all, so those days also show no reading. Read the ladder as the tone of old-coin selling, not an exact tally.