Bitcoin is currently positioned near a significant psychological threshold, with the "Supply in Profit" metric indicating that a substantial portion of investors are in profit. Historical data suggests that when Bitcoin remains within this critical range, the likelihood of a significant decline is low. Previous bull markets in 2016 and 2020 showed strong uptrends when Bitcoin's price stayed within this zone. If Bitcoin surpasses this threshold, it could support upward movements and potentially lead to new price highs. The market sentiment remains optimistic as long as this level holds.