**Bitcoin Rally: 94% of Holders in Profit**

Bitcoin's recent surge past its 2021 all-time high of $69,000 has put over 94% of BTC holders in profit, according to CryptoQuant data. Independent analyst Axel Adler Jr. notes that most coins were bought around the $55K mark. Short-term holders (STHs) have particularly benefited, reinforcing the "Buy-the-Dip" mentality.

However, history suggests caution. High profit levels often precede price drops, as seen in past bull cycles. Bitcoin faces resistance between $67,300 and $69,400, with traders like Jusko Trader viewing recent pullbacks as healthy corrections.

Inflows into US spot Bitcoin ETFs, which have reached $21.2 billion, could help BTC breach the $68,000 mark, potentially liquidating $1.65 billion in leveraged short positions.

Remember, every investment carries risk; do your own research before making decisions.