Arthur Hayes, co-founder of BitMEX, warns that the recent crypto crash is not over, predicting a second wave of downturns as traditional finance （TradFi） entities face over-leverage issues.
Points
- Arthur Hayes predicts a second wave of the crypto crash due to over-leveraged traditional finance entities.
- Bitcoin （BTC） and Ethereum （ETH） see gains but remain in the red for the week.
- The VIX index indicates extreme volatility in the coming 30 days.
- Presale meme coins like PEPU and PLAY offer shelter from market turbulence.
Arthur Hayes, co-founder of BitMEX, has issued a stark warning that the recent crypto crash is far from over. He predicts a second wave of downturns as over-leveraged entities in traditional finance （TradFi） begin to surface. Hayes’ comments come amid a temporary rebound in the crypto market, with Bitcoin （BTC） and Ethereum （ETH） seeing gains of over 9% and 12%, respectively, in the last 24 hours.
Despite these gains, BTC and ETH remain in the red for the week. Bitcoin’s price, while reclaiming the $55K support after briefly falling below $50K, is still down over 16% on the longer-term timeframe. Similarly, Ethereum is down more than 24% over the past 7 days.
Arthur Hayes took to Twitter to express his views on the situation, highlighting the potential for continued market volatility due to the over-leverage in traditional finance:
“The only periods the VIX index has been higher were during Black Monday in October 1987, the collapse of Lehman Brothers in 2008, and when COVID hit in 2020. Expect extreme volatility in the coming 30 days.”
The VIX index, a measure of market volatility, indicates that investors anticipate significant turbulence ahead. This sentiment is echoed by ARK Invest CEO Cathie Wood, who remains cautious about the market’s outlook.
Presale meme coins that are not yet at the mercy of the open market could offer a safe haven for crypto investors looking to navigate this potential storm. PEPU has already raised more than $7.4 million, offering presale buyers a 267% APY. Meanwhile, PLAY has moved close to $6 million in presales, revitalizing the viral Tamagotchi game that was a 90s sensation.
Base Dawgz aims to challenge the dominance of the meme coin Brett on the Base blockchain and
recently broke the 0.001 ETH level. The token has seen a significant increase in daily trading volume, reaching over $1.5 million, and has a live market cap of more than $250 million.
解説
- Arthur Hayes predicts a second wave of the crypto crash due to over-leveraged entities in traditional finance.
- Despite recent gains, Bitcoin and Ethereum remain down for the week.
- The VIX index indicates potential extreme market volatility in the coming month.
- Presale meme coins like PEPU and PLAY offer potential safe havens from market turbulence.
In conclusion, Arthur Hayes’ warning about a second wave of the crypto crash underscores the ongoing risks in the market, particularly from over-leveraged entities in traditional finance. Investors should brace for potential volatility, with the VIX index suggesting significant turbulence ahead. Presale meme coins like PEPU and PLAY may provide some shelter for those looking to avoid the brunt of the market downturn.