Analyst: Whales that recently accumulated positions realized over $1.2 billion in profits within three days; market watches whether new demand can absorb the selling pressure

Odaily News CryptoQuant analyst Moreno stated in a report that whales that recently accumulated positions have taken large-scale profit-taking during BTC's latest rebound, realizing over $1.2 billion in profits within three days — marking the largest profit-taking event on record for this group.

Additionally, he noted that if BTC can hold above the whale cost basis of approximately $70,000, while the realized profits of whales gradually return to normal levels, it would suggest that new market demand is effectively absorbing their profit-taking sell orders.