Arthur Hayes: AI sucks up crypto liquidity or will use derivatives to conduct tactical short

Arthur Hayes, co-founder of BitMEX, issued a document saying that all marginal funds are currently pouring into AI stocks. When AI stocks fall rapidly, investors are unable to buy even if they see the relative strength of cryptocurrencies.<br /> Hayes cleared $HYPE,$NEAR, and $WLD last week, and $ZEC due to OrchdPool vulnerability. He emphasized that capital preservation is more important than appreciation, and currently only retains Bitcoin and Ethereum, saying that ETH is "dead but still available."<br /> He believes that the bursting of the AI bubble will trigger a financial crisis and bring about "big money printing". At that time, Bitcoin will first plummet and then skyrocketed. He plans to hold positions to survive the volatility period and may make a small amount of tactical short through derivatives.