With Bitcoin reclaiming and holding above the key $117,000 price level, this bullish move clearly implies that the ongoing bull market cycle is still alive and kicking. On-chain data shows that BTC’s current upward trend has notably reignited positive sentiment among short-term holders once again.

Short-Term Bitcoin Whales Are Back In The Profit Zone

In the midst of the renewed bullish action of Bitcoin, Darkfost, a market expert, has outlined a positive development in profitability. This rise in profits following the recent upsurge in BTC’s price is spotted among Bitcoin short-term holder whales. After surviving a tumultuous period of volatility, Bitcoin’s short-term holder whales are now sitting in the green, as the key cohorts returned to unrealized profit.

The move

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