Bitcoin holders sold at a loss two days in a row: SOPR hit 0.9933

Bitcoin's SOPR closed below 1 on two days in a row at the end of the data we hold: 0.9937 on 29 October 2026 and 0.9933 on 30 October 2026. On this measure, coins moved on those days were sold at a loss. Those readings are six days old, so they describe the end of October and not this week.

What happened

• SOPR read 0.9933 on 30 October 2026.
• SOPR read 0.9937 on 29 October 2026.
• SOPR had also dipped below 1 on 14 October (0.9987), 15 October (0.9992) and 24 October (0.9994).

How it compares

Most October readings we hold sat above 1, and the high was 1.0269 on 22 October. The earlier dips each lasted no more than two days.

What it means

• SOPR below 1 indicates that coins being spent were sold at a loss.
• Sustained readings below 1 are often read as capitulation, where holders accept losses. Two days is not sustained.

Scenarios to watch

• If readings stay below 1 for longer, it could signal broader market pressure.
• A return above 1 may suggest the selling at a loss has eased.

What remains unverified

• Readings after 30 October are not in this data.
• What drove each dip, such as exchange transfers or retail selling, is not disclosed.
• The longer effect on price cannot be confirmed from this one metric.