Odaily星球日报讯 BitMEX 联合创始人 Arthur Hayes 在解读美债与美股走势时表示：“美联储的时间不多了，系统正在瓦解。” 从图表来看，美股与 10 年期美债收益率同步下跌，这不同于过去“股债同跌=利好”的旧逻辑。Hayes 指出，市场终于意识到：若全球美元出口收益下降，将无法持续支撑对美股和美债的购买需求，“游戏结束”。

Odaily星球日报讯 BitMEX 联合创始人 Arthur Hayes 在解读美债与美股走势时表示：“美联储的时间不多了，系统正在瓦解。”从图表来看，美股与 10 年期美债收益率同步下跌，这不同于过去“股债同跌=利好”的旧逻辑。Hayes 指出，市场终于意识到：若全球美元出口收益下降，将无法持续支撑对美股和美债的购买需求，“游戏结束”。

Arthur Hayes：美元出口收益减少，市场难再支撑美债与美股

<Odaily> Planet Daily News: BitMEX co-founder Arthur Hayes, while interpreting the trends of US Treasury bonds and US stocks, stated: "The Federal Reserve is running out of time, and the system is collapsing." Looking at the charts, US stocks and 10-year US Treasury bond yields are falling simultaneously, which differs from the old logic of "stocks and bonds falling together = positive." Hayes pointed out that the market has finally realized: if global US dollar export earnings decline, it will be unable to continuously support the purchasing demand for US stocks and US Treasury bonds, signaling the "game is over."

<Odaily> Planet Daily News: BitMEX co-founder Arthur Hayes, while interpreting the trends of US Treasury bonds and US stocks, stated: "The Federal Reserve is running out of time, and the system is collapsing." Looking at the chart, US stocks and 10-year US Treasury bond yields are falling simultaneously, which differs from the old logic of "stock and bond decline = positive." Hayes pointed out that the market has finally realized: if global US dollar export earnings decline, it will be unable to continuously support the purchasing demand for US stocks and US Treasury bonds, signaling the "end of the game."

Arthur Hayes: With the decline in US dollar export earnings, it is difficult for the market to support US bonds and US stocks

This year's volatile market is truly nerve-wracking. The S&P 500 index rose 4% in the morning session but closed down 1.57% after the White House announced plans to impose tariffs on China. The bond market also experienced significant fluctuations, with the 30-year Treasury yield surging to its largest two-day increase in five years, and the 10-year Treasury yield recovering to around 4.3%. Bitcoin dropped from its high of $80,000 last night, trading at $76,654 before this article's deadline. Arthur Hayes has started to buy the dips and claims that the depreciation of the renminbi will benefit BTC.
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Stocks and bonds both hit, BTC hit 76K, Arthur Hayes starts to buy the dips: RMB depreciation will help BTC

The cryptocurrency market experienced a "Black Monday" yesterday (7th), with Bitcoin plummeting to a low of $74,501, and Ethereum dropping to $1,411, causing market-wide panic.

However, amid the escalating market panic, legendary trader and <BitMEX> co-founder Arthur Hayes posted on social platform X last night, stating that he has been continuously buying Bitcoin during the market downturn:

I have been buying Bitcoin in batches throughout the day and will continue to do so. Altcoins are also entering my buying range, but I think Bitcoin's...

Arthur Hayes: "Continue to add Bitcoin" during yesterday's decline, and Altcoin also entered my buying point

Odaily Planet Daily News: BitMEX co-founder Arthur Hayes wrote, "Phew, brothers. If BTC drops below $76,500, my reputation will be ruined. Hurry up and buy the dips." Previously, Arthur had written that if BTC could hold above $76,500 between now and the US tax day (April 15), then we would be safe. Don't get cut like leeks!