Crypto analyst Ali Martinez has observed a significant decrease in Bitcoin whale activity starting from March 14. Martinez's analysis, backed by charts, shows a noticeable decline in transactions involving amounts exceeding $100,000, following Bitcoin's surge to a record high of $73,750 per BTC.

According to the data from Martinez's charts, in the last 24 hours, transactions above $100,000 totaled 2,896, while those surpassing $1 million amounted to 521. Before Bitcoin's peak, whale activity saw a steady increase, reaching around 4,500 daily transactions valued at a million dollars or more, and approximately 24,500 transactions exceeding $100,000.

Martinez suggests that the reduced whale activity might be contributing to Bitcoin's recent price stabilization. The cryptocurrency is facing challenges in sustaining momentum amidst decreasing volatility. The analyst's insights provoke inquiries about the influence of large-scale investors on market dynamics, particularly given their diminished involvement.

The drop in whale activity signifies a deviation from previous trends where increased transaction volumes by major players often corresponded with significant price changes. Martinez's evaluation indicates the potential for a return of whale transactions to act as a trigger for renewed bullish sentiment in the Bitcoin market.

With investors and crypto enthusiasts monitoring Bitcoin's movements closely, attention now centers on whether the resurgence of whale activity will spark a bullish trend in the crypto market.