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.
0
From the Full Interview
This answer is part of a full interview with Fred Thiel, Chairman and CEO, MARA Holdings at MARA Holdings.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Fred Thiel's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What role does training play in your company?
By Paul Guyett
Retail
$1M+/mo
Can you tell us how the business started and what that means to you today?
By Paul Guyett
Retail
$1M+/mo
What does the phrase "every hide has a story" mean to you?
By Paul Guyett
Retail
$1M+/mo
What advice would you give to someone building a long-term business?
By Paul Guyett
Retail
$1M+/mo
How has the business evolved over the years?
By Paul Guyett
Retail
$1M+/mo
How did customers react when you moved locations?
By Paul Guyett
Retail
$1M+/mo
Why was improving the showroom layout important?
By Paul Guyett
Retail
$1M+/mo