According to TechFlow, BitMEX co-founder Arthur Hayes tweeted a warning that financial markets may face greater turbulence.

Hayes said that the first wave of shocks has passed, and now the problem of over-leveraged investors in the traditional financial sector is waiting to emerge. He expects the second wave of shocks to begin soon, and hinted that the market may need to undergo more adjustments before Friday if a rescue is to occur. Hayes warned that the current respite is only temporary and market volatility will continue.