MARA Holdings, Inc.
Panjang

Marathon Digital $MARA measured against the VIX

259
The favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report.

What's interesting here is how tightly it follows the VIX. For the purpose of emphasis on this, the VIX chart at the top is inverted.

At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.

Merry Christmas and a Happy New Year!
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