Bitcoin's Supply in Profit % divergence an early warning sign to a very likely drop in price

Bitcoins-Supply-in-Profit-divergence-an-early-warning-sign-to-a-very-likely-drop

Many analysts including me look to Bitcoin's Supply in Profit (%) metric to assess whether Bitcoin's price is close to tops and bottoms, but it can also give us short term signals.
In most cases when BTC's price goes up or down, so does the Supply in Profit (SP%). Occasionally though we will get a divergence, where SP% goes higher, but BTCUSD goes lower than previous peak measured.
You can see 3 situations like that in 2018 (around the bottom of the cycle) and currently formed 2nd divergence. In all cases what followed within days was a significant enough drop in price (in two cases forming a new low).
Looking to macro outlook, if Jerome Powell strengthens hawkish FED views for 2023 with no mention of interest rates cuts in his speech in Sweden today and CPI does not print below expectations on Thursday, we are very likely to see this divergence to play out just like each time before.