Decrease in Whale Activity: Crypto analyst Ali Martinez has observed a significant decline in large Bitcoin transactions (over $100,000) since mid-March, following Bitcoin's peak at $73,750.
Potential Impact on Price: This decline in whale activity coincides with a period of price stagnation for Bitcoin. Some analysts, like Martinez, believe a resurgence in whale activity could be a catalyst for a renewed bullish trend.
Reasons for Decline: The reasons behind the decrease in whale activity are unclear. It could be due to various factors, such as whales taking profits after the recent surge, waiting for a better entry point, or shifting their focus to other cryptocurrencies.
What do you think?