Wu Shuo learned that Arthur Hayes, co-founder of BitMEX, posted that AI has absorbed a significant amount of new U.S. dollar liquidity, which is a key reason why Bitcoin has failed to strengthen further despite the expansion of liquidity. He believes that if rising oil prices, supply pressure from large AI IPOs, and U.S. political factors collectively burst the AI stock bubble, the crypto market will also face short-term downward pressure; Bitcoin may decline first before rising again, awaiting the next round of liquidity release. Hayes noted that Maelstrom sold HYPE, NEAR, WLD, and ZEC last week, retained BTC and ETH, and may engage in tactical shorting via derivatives. https://t.co/FvX7ZbcyvG
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