BitMEX co-founder Arthur Hayes says Bitcoin is flashing a severe warning regarding dollar liquidity that stock markets have yet to acknowledge. While the Nasdaq remains flat, Bitcoin has tumbled from its highs, signaling what Hayes describes as an impending AI-driven credit crisis. This divergence suggests traditional equities are mispricing systemic risk. Key Takeaways Market Signal: Bitcoin’s decoupling from a stable Nasdaq indicates a sharp withdrawal of dollar liquidity. Macro Thesis: Hayes predi ...