Here's a data comparison: Bitcoin long positions' opening prices dropped by several thousand, while short positions' opening prices plummeted... This shows that in February, a large number of smart shorts closed their positions and took profits during the consolidation period, and some might have even switched to longs. Many others chose to sit out and not participate in the choppy market (taking profits and leaving). Overall, the number of trading whales and smart money traders has significantly decreased, and the total open interest has also dropped a lot.