BitMEX founder Arthur Hayes recently hinted that "a big shot has fallen", causing many people to speculate whether it was Jump Trading, causing an uproar. (Arthur Hayes: I heard that a certain big shot has collapsed and is selling out all the coins) Today (8/6) Arthur Hayes once again sent out a "pessimistic signal". He said:
“That was the first wave. Now we wait for the carcasses of the over-leveraged fools of traditional finance to surface before the second wave begins. If policy relief is to come, markets need to deliver more pain before Friday. Enjoy the respite now Chances are, the war will continue."
(The Dow Jones collapsed another thousand points, and Fed officials shouted: The economy is not in recession)
That was the first wave. Now we wait for bodies of TradFi over leveraged muppets to surface. Then wave 2 begins. If there is going to be a bailout the mrkt needs to deliver more pain by Fri. Enjoy the respite for the war shall continue.
— Arthur Hayes (@CryptoHayes) August 5, 2024
This article Arthur Hayes: The first wave has just passed, and when the bodies surface, it may be even worse before Friday. First appeared in Chain News ABMedia.
