Analyst signals potential Bitcoin bearish pivot

On-chain analyst Willy Woo noted via X signs of excessive speculation in Bitcoin (BTC) as investor profits peak, citing the Spent Output Profit Ratio (SOPR) indicator. He warned of potential bearish divergences on long-term charts if BTC doesn't set new highs soon, predicting a correction if profit-taking increases. Woo also highlighted a lull in capital flows following Bitcoin’s recent rally from $75,000 to $112,000, suggesting a possible shift in momentum.