With the broader cryptocurrency market regaining bullish traction, Bitcoin , the largest digital asset, could once again be heading to its all-time high of $125,000. Following BTC’s renewed upward movement, millions of BTC have moved back into profit territory, reinforcing the strength of the ongoing rally.

More Bitcoin Is Moving Back Into Profit

A significant portion of the Bitcoin supply is now back into the profit region, due to the recent rise in BTC’s price, which is currently positioned above the $114,000 level. CryptoQuant, a leading on-chain data analytics platform, shared the development with the public on the X platform, which highlights renewed investor confidence.

According to data from CryptoQuant’s author Crazzyblockk, Bitcoin has staged a powerful rebound,

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