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Arthur Hayes, BitMEX co-founder and Maelstrom CIO, said in his 'Atención' post published at 10:42 a.m. KST on the 3rd that the fund's core allocation is unchanged, with a structural BTC long as the portfolio's anchor weight and no short exposure — only rotation between long and cash. His framing shifts the driver away from crypto-native catalysts toward Fed balance sheet mechanics: a broad altcoin-inclusive risk rally needs an actual expansion in dollar liquidity, so BTC beta stays hostage to reserve balances, TGA rebuilds and repo conditions rather than sentiment. The confirmation condition to watch is a visible turn in Fed liquidity provision — QT wind-down, standing repo usage or reserve growth; absent that, positioning like this implies range-bound BTC with cash held in reserve rather than aggressive accumulation.
As a Research signal, watch whether it changes price action, volatility, or flows around BTC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
Influencer Threads
Ray Dalio shares his personal view that where one ends up in life depends on how you see things and what you feel connected to, from family and community to country, mankind, and the wider ecosystem. He argues that everyone must decide how far to place others' interests above their own, and for whom, because situations forcing those choices arise regularly. This is reflective commentary with no market content.
Rekt Capital argues that even if Bitcoin has already put in its bear market bottom, the price still has to clear the current $60,000-$80,000 trading range. This is the author's own read on Bitcoin's range structure, and the visible post stops before the conclusion of that scenario.
Dalio advises working through disagreements until both sides are aligned or at least understand each other's positions well enough to decide what should be done, citing a colleague's advice to simply not filter. This is a management and communication view from the author, with no market call attached.
Rekt Capital notes that Bitcoin continues to trade just below its macro downtrending resistance after only briefly wicking above it, and in the author's view this level remains the pivotal resistance to clear. The visible implication is that BTC's near-term direction hinges on whether it can close above that trendline rather than merely wick through it.
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