Week Of Uncertainty: BTC’s STH-SOPR Struggling To Break 1.0. What Does It Mean?

BTC, one of the biggest cryptos in the industry, has had a rough patch for about a few months. After hitting an all-time high back in 2024, the coin has been going through some slump. However, the coin is showing some traction as there is an imminent shift in its profitability. As a result, the token is said to be standing at a critical juncture as it is gaining momentum to finally break out of the slump to grow big. 

Data presented by Glassnode suggest that BTC’s STH-SOPR (7D SMA) is showing some tendencies to test the breakeven level of 1.0. The Spent Output Profit Ratio or SOPR is calculated by dividing the realized value of the token in USD by the created value of the spent output in USD. In simple terms, it is meant to show the price sold divided by the price paid. This equation is used to study a token for the last 155 days. 

#Bitcoin’s STH-SOPR (7D SMA) is testing breakeven (1.0) once again. Historically, breaking above 1.0 confirms a shift in momentum, while failure to do so often leads to renewed sell pressure. The last attempt in early Jan was successful but short-lived: https://t.co/JqLGNmXP1K pic.twitter.com/VAK6cb9x5N

— glassnode (@glassnode) February 24, 2025

Glassnode shared the detail with the following caption, saying, “#Bitcoin’s STH-SOPR (7D SMA) is testing breakeven (1.0) once again. Historically, breaking above 1.0 confirms a shift in momentum, while failure to do so often leads to renewed sell pressure. The last attempt in early Jan was successful but short-lived.” 

Historical Data & What They Say  

Historically speaking, BTC breaking the STH-SOPR (7D SMA) above 1.0 generally confirms a shift in momentum. Failure to break this generally entails selling pressure. In fact, BTC’s attempt to break the 1.0 market last January was short-lived, but the coin did show some momentum after the break.  

Glassnode infers that if the coin manages to break the 1.0 marker, the coin might show some traction. Meanwhile, if the coin fails to do so, there can be some negative momentum. Unfortunately, according to Glassnode, the chances of BTC breaking that market are slim.  

Market On Edge 

At press time, BTC is showing a slight slup in price by 0.15%. This dip has happened in the last 24 hours and has brought the price to $95,809. As a result, the changes of a risk-minimizing flushout by investors are slightly higher than expected. However, sources suggest that this is not abnormal, as the wider market is also suffering. Still, the coming week seems to be busy for BTC holders as there can be major pricing movement either way due to inner workings and broader macroeconomic happening.