Is a new Bitcoin bull cycle officially underway? All eyes are on Bitcoin as 6.2 million Bitcoins return to profit, fueling speculation of a significant market shift. The Bitcoin ongoing rebound, reclaiming the $62,000 price mark once again today, has sparked renewed optimism in the cryptocurrency community. Traders and investors are keenly watching price movements, analyzing on-chain data, and searching for indicators that confirm the start of a sustained upward trend.

Bitcoin (BTC) is setting new all-time highs in network value as BTC price action eyes a return to six figures. This bullish sentiment is supported by various factors, including increased institutional adoption and growing retail interest. The question on everyone's mind: Can Bitcoin break through resistance levels and establish a new record high?

According to a recent analysis, the profitability of a substantial portion of the Bitcoin supply is a key indicator. A significant number of previously held Bitcoins are now back in a profitable state, suggesting increased holder confidence and potential for further price appreciation.

Data from onchain analytics platform CryptoQuant confirms Since October 2025, the Bitcoin market has been in what it describes as a “profit-driven regime,” with inflows consistently surpassing outflows. This persistent demand, even amid regular profit-taking, underscores the underlying strength of the Bitcoin market. The sustained inflow suggests long-term bullish sentiment and reinforces the potential for a new bull cycle driven by increased demand and positive investor sentiment. Could this be the beginning of something big?