Bitcoin's supply in profit remains a crucial indicator for determining the onset of a bull cycle. Historical data reveals that during past bull cycles, BTC supply in profit has consistently stayed above 80%. Although there have been brief periods where it dipped below this threshold, these instances have typically presented buying opportunities.

In the current bull cycle, BTC supply in profit has predominantly remained above 80%, despite occasional dips during the summer. These dips have once again proven to be opportune moments for investors to buy at lower prices. The sustained high level of BTC supply in profit suggests a continued bullish outlook for the market.