{"path":"/breakdowns/sopr_by_wallet_size","tier":3,"parameters":{"a":["BTC"],"c":["native"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"BTC","path":"/v1/metrics/breakdowns/sopr_by_wallet_size"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-sopr_by_wallet_size","studio":"https://studio.glassnode.com/charts/breakdowns.SoprByWalletSize","metric_variant":{"bulk":"/breakdowns/sopr_by_wallet_size/bulk","pit":"/breakdowns/sopr_by_wallet_size_pit"}},"bulk_supported":true,"timerange":{"min":1231731000,"max":1782559800},"modified":1782560670,"descriptors":{"name":"SOPR by Wallet Size","short_name":"SOPR by Wallet Size","group":"SOPR","tags":["on-chain","valuation","profit_loss","realized_profit_loss","cohorts"],"description":{"default":"**Definition.** Spent Output Profit Ratio (SOPR) computed separately for each wallet-size cohort, where SOPR is the ratio of sale price to acquisition price across coins spent on a given day. Cohorts span from whales to retail investors based on native-asset balance.\n\n**Technical.** Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to keep results comparable across digital assets and consistent across different blockchain architectures. This contrasts with the UTXO-based approach available for some chains (e.g. Bitcoin), and cross-method comparisons may show small deviations.\n\n**Interpretation.** Cohort readings above 1 mean the average coin spent by that cohort was sold at a profit, readings below 1 mean it was sold at a loss. Surfaces how the profitability of sales differs across investor classes, from whales down to retail. Answers questions of the form: are larger wallets (whales) selling their coins at a profit more frequently than smaller wallets (retail investors)?\n"},"data_sharing_group":"onchain"}}