How do older whale wallets impact market psychology?
Replied byFred Thiel
Chairman and CEO, MARA Holdings at MARA Holdings
Niche: Cryptocurrency, AI, Technology, Finance
Revenue: $1M+/month
Location: USA
Started: 2010
Since late summer we saw older whales with wallets 10 to 13 years old moving. When an old wallet that has not moved in many years moves, people freak out. Some were selling, some were transferring into ETFs, which looks like a sale. In risk off, that fear spreads quickly.
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