Why This Bitcoin Bearish Divergence Could Spell Doom For BTC Rally

A quant has explained how this bearish divergence in Bitcoin on-chain data can lead to a short-term correction in the price.
Bitcoin Short-Term Holder SOPR Has Been Slowing Down Despite Price Going Up
As explained by an analyst in a CryptoQuant post, a gap has been forming in the purchasing power of short-term holders and the BTC price. The relevant indicator here is the “Spent Output Profit Ratio” (SOPR), which tells us whether investors in the Bitcoin market are selling their coins