Bitcoin’s price has reached new heights with a record-breaking surge, exceeding $133,000 on October 6th. Key insights from on-chain analytics reveal why this is happening and what it means for the future of Bitcoin. 99.4% of Bitcoin supply is currently profitable, indicating widespread gains across the network and benefiting both long-term holders (LTHs) and short-term holders (STHs). Bitcoin’s Short-Term Holder Realized Price is projected to hit $133,000, suggesting a potential local peak for STH profitability. While this might incentivize short-term traders to sell for profits, historical patterns suggest that they may be hesitant to do so, resulting in continued market stability.