If the price is at ATH or near ATH, then almost everyone is in profit. I don't get what is news about this?

I don't think it is possible to make a good estimate of this. On chain it is not often possible to make a difference between a OTC purchase and just someone sending their coins to a new wallet. And it is even harder with exchange databases, because you don't know what is going on there once a user deposit money.

Nobody knows where the price will land at, there are too many unknowns still but the environment looks promising.

They know that they are lucky to join earlier than other institutional investors that only participated in this market in two latest market cycles. Entry prices of newcomers are higher and will continue to be higher in future years, so senior whales are smart and also experienced to know that if they sell their bitcoins, others will purchase those coins, and with more investors joining this market, supply won't be enough to meet demand.

Hence, chances of buying bitcoin back at similar price or cheaper price is really small. To avoid that headache and also bitcoin loss, they simply hold their bitcoin very tightly and determinantly wait for better prices in future cycles.

FUDs always exist but you can prepare yourself and Debunk Bitcoin FUDs.
https://endthefud.org/

What does luck have to do with this? This is not gambling or playing the lottery. There were many people who were strongly convinced about Bitcoin as soon as they found out about it. That is not luck.

New FUD will never stop coming pretty much.

Little question I usually have related to bitcoin having an unrealized profit, is it truly an unrealized profit when treated as a currency or when 1 bitcoin = 1 bitcoin, in this regard been a currency I don’t think there any unrealized profit. But I get it bitcoin has been heavily used more as an asset for investment rather than been a currency. So as an asset except converted to fiat many of bitcoin will be unrealized profits then except those yet to be mined.

I think after the 4th cycle we will still have the usual bearish trend because I don’t see anything currently that will change the historical trend, personally I think the market during this bearish phase will be a little bit different from the previous ones, the difference will be coming from the fact that there wouldn’t be heavy dip of market because most institutions now wouldn’t be selling as such we would hardly see a -60% dump of price like we use to see.

The data is gotten from the on-chain analytical ratios which details about annual profits in the bitcoin blockchain.
This might not necessarily mean a lot but it's quite important to have estimates of how much profits investors or community users had acquired from the market in a specific time since bitcoin transactions is running in public ledger.
Giving this reference a useful remark could be if or when economists or analysts tends to compare the federal reserve Note like the USD and Gold and then also considering the decentralized assets such as bitcoin.
Inclusively, the key idea of this analysis is when looking out to these bound treasures and their purchasing power to figure which asset has much been profitable to investors, federation and even institutions who may had been buying and hodling for reserve or short term goal.

Those of them that sold their Bitcoin in the early years gave a strong signal to a lot of new adoptors afterwards, Holding now is the new oil block, majority of the HODLer including some of us here are highly interested in holding, because as the years goes by, the value of Bitcoin asset has continue to grow, so I'm not even surprised about the fact that majority of the HODLers are now holding $1.2T in unrealized profits, with few years coming the numbers will increase.

No one knows where the top will be by the end of the year, or how deep the correction might go. Bitcoin could hit $300,000 and drop back to $150,000, or it could peak at $200,000 and fall to $100,000. Timing the market is extremely difficult, which is why it's much wiser not to try trading Bitcoin  because you'll almost certainly end up without your BTC, sitting in dollars or other inflationary fiat currencies.

And being stuck in fiat  whose purchasing power melts like an ice cube under the spring sun  isn't exactly smart. It's too risky, especially considering how easily fiat systems can slip into hyperinflation, which is more like an ice cube melting at 30°C fast and irreversible.

It's more on the data that glassnode has been taking for many years now. So that they can put a twist or spin on it. Now we have heard the term "super-majority", for sure for Bitcoin holders, we don't want to complicate things and call it that way. We could be just holders, from whales to average joe like the most of us here. And it will not even take to be a rocket scientist to understand what is going on right now. We are not going to sell until we see that big prices in the future and that paper profits will turn to realized profits once we sell at all time high. Maybe it will be in the last quarter of the year as usually this is where we peak and reaches the top price for this bull cycle.

The vast majority of Bitcoin holders are in profit, while the vast majority of altcoin/shitcoin
buyers are in losses, or have sold at a loss. That may explain why the top altcoins are still far
below their all time highs from the previous cycles. People don't hold altcoins for long, they trade them
for short term gains, or more commonly at a loss.

Altcoins and memecoins are little more than get rich quick schemes and are modern-day snake oil IMO.
The only ones getting rich from them are the VCs and paid influencers constantly dumping on retail.
You know what they say a sucker is born every minute.

The dynamics have changed over the years. Remember a time before the emergence of stablecoins, where almost every other coin pair in an exchange was pegged against Bitcoin like ETH/BTC, XRP/BTC, LTC/BTC. One would have to calculate the prices of coins in sats 

That was the sweet period where there was no much obsession with comparing the bitcoin price to the USD. I think it also encouraged more HODLing than where are today