{"path":"/breakdowns/sopr_by_pnl","tier":3,"parameters":{"a":["TON"],"c":["native"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"TON","path":"/v1/metrics/breakdowns/sopr_by_pnl"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-sopr_by_pnl","studio":"https://studio.glassnode.com/charts/breakdowns.SoprByPnl","metric_variant":{"bulk":"/breakdowns/sopr_by_pnl/bulk","pit":"/breakdowns/sopr_by_pnl_pit"}},"bulk_supported":true,"timerange":{"min":1573822200,"max":1784258400},"modified":1784261156,"descriptors":{"name":"SOPR by Profit and Loss","short_name":"SOPR by PnL","group":"SOPR","tags":["on-chain","valuation","profit_loss","realized_profit_loss","cohorts"],"description":{"default":"**Definition.** Spent Output Profit Ratio (SOPR) segmented by realized profit and loss band, where SOPR is the ratio of sale price to acquisition price across coins spent on a given day. Bands are defined by Fibonacci retracement levels.\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.** Bands with a SOPR above 1 captured profitable sales, bands below 1 captured loss-making sales. Surfaces where realized profits and losses concentrate across retracement levels. Answers questions of the form: are most sales occurring at a profit or a loss relative to acquisition cost, and at what levels are those profits or losses concentrated?\n"},"data_sharing_group":"onchain"}}