According to CoinMeta, analyst Moreno stated that Bitcoin whales who have recently built positions have accumulated profits of over $1.2 billion in the past three days, setting a new historical high for this group. On August 20th alone, they realized profits of about $614 million, also breaking a previous record high. Meanwhile, BTC has once again reached the average realization price of around $68,900 for short-term whales, with the price on August 23rd exceeding this cost level by about 12.8%. He believes that the key moving forward lies in whether BTC can hold above $70,000 and absorb profit-taking positions. If profits continue to be high and prices fall below this level again, this round of rebound could turn into a "trapping exit" situation for whales who were previously trapped in their positions.