According to @KobeissiLetter, Fidelity reported that 401(k) accounts with balances of $1 million or more rose 10% quarter over quarter to a record 654,000 in Q3 2025, while IRA accounts with at least $1 million increased 12% to a record 559,000, both setting new highs (source: Fidelity via @KobeissiLetter). For trading desks, these Fidelity-record retirement balance figures are used as a macro wealth signal when assessing risk appetite alongside equities and potential beta spillover into crypto such as BTC and ETH (source: Fidelity data as relayed by @KobeissiLetter).

According to @KookCapitalLLC, Fartcoin is once again the leading risk-on indicator for gauging crypto risk appetite, as stated in a Twitter post dated Nov 10, 2025 (source: @KookCapitalLLC on Twitter). Risk-on refers to investor preference for higher-risk assets over safe havens, providing context for how such an indicator is interpreted in markets (source: Investopedia).