Chairman and CEO, MARA Holdings at MARA Holdings
In a risk off environment, Bitcoin operates a lot like equity in portfolios today. Then you see layered strategies and highly leveraged positions unwind. People pile into short trades on perpetual markets, and when the move goes against them, forced unwinds add more selling pressure on top of everything.
This answer is part of a full interview with Fred Thiel, Chairman and CEO, MARA Holdings at MARA Holdings.
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