‘Bitcoin Whales Are Going Parabolic', Says Crypto Analyst Ali Martinez

In the cryptocurrency space, certain trends and movements offer valuable insights into market sentiment and potential future shifts. One such development, highlighted by crypto analyst Ali Martinez on February 26, has caught the attention of the crypto community: a significant increase in the number of “Bitcoin whales.

Timeline of Bitcoin

As the majority of assets in the cryptocurrency sector are making significant strides that have pushed its total market capitalization back above $2 trillion, its representative, Bitcoin (BTC), is leading the charge with the highest price since December 2021 and more massive gains incoming.

Theta Network (THETA) has secured the top gainer spot among the 100 largest crypto assets in the past 24 hours, printing a massive 58% surge amid the latest market resurgence that has seen Bitcoin (BTC) reclaim $56,000.

Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it's inevitable that there'll be multiple ETFs around different tokens,” he stressed, noting that Ripple would welcome an XRP ETF.

Major cryptocurrencies experienced a decline on Wednesday evening, with crypto longs facing liquidations totaling $155 million in the past 24 hours. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

Fundstrat's head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast.

Kiyosaki has reiterated his view that BTC is a safer investment than trust placed in the Fed. The author has been advocating Bitcoin, gold and silver adoption for quite some time now.

The chief executive of Sound Planning Group has predicted a major bitcoin price surge, stating that the crypto is priced for “a serious rally.” He identified the upcoming Bitcoin halving and the adoption of spot bitcoin exchange-traded funds (ETFs) as key factors driving his bullish prediction for the cryptocurrency's price.

Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve is “destroying” the U.S.

Barstool Sports kingpin Dave Portnoy is experiencing a serious case of crypto regret, wishing that he hadn't sold his bitcoin. He also wishes that his company, Barstool, had invested $10 million in the crypto. “I'm so mad at myself about bitcoin. I should be up like 75% in bitcoin,” he stressed.

As the Bitcoin price is targeting 2022 highs in the wake of the 2024 halving, the crypto market seems to be as bullish as one can get. One major factor was the SEC's approval of spot Bitcoin ETFs in January.