Bitcoin Declines Slightly As Short-Term Holders Take Profits

After surging to as high as $20.9k, Bitcoin has today observed a slight decline back into the low $20k levels as a result of profit taking from short-term holders.
Bitcoin Short-Term Holder SOPR Has Been Elevated Over The Past Two Days
As pointed out by an analyst in a CryptoQuant post, the short-term holders seem to be using the latest price rise for profit taking.
The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether the average investor is s