Arthur Hayes: The crypto market may reach a local peak in mid-to-late March; Maelstrom has entered the DeSci field

Odaily Report: BitMEX co-founder Arthur Hayes stated that he believes the crypto market will peak in mid-to-late March. The Federal Reserve's quantitative tightening (QT) will reduce liquidity by around $180 billion, and an additional $237 billion in liquidity will be injected due to adjustments to the reward rate, resulting in a net injection of $57 billion in liquidity. The Treasury Department may use the TGA to pay government expenses until May or June, after which the debt ceiling will need to be raised, which will have a negative impact on liquidity. Additionally, the tax season (such as mid-April) will further suppress market liquidity. If the factors affecting the TGA balance are the only determinants of cryptocurrency prices, a local market peak is expected at the end of the first quarter. In 2024, Bitcoin will reach a local high of around $73,000 in mid-March, then consolidate, and begin a multi-month decline before April 11 (the 15th tax deadline). He also mentioned that the Trump team's disappointment with their proposed pro-crypto and pro-business legislation can be offset by an extremely positive US dollar liquidity environment, with liquidity increasing by as much as $612 billion in the first quarter. As the Chief Investment Officer of Maelstrom, he will encourage the fund's adventurers to shift their risk towards DEGEN. The first step in this direction is our decision to enter the thriving decentralized science (DeSci) space. We like undervalued and have purchased ; ; ; ; ; ; .