Arthur Hayes wrote that Bitcoin, acting as an alarm bell for global fiat currency liquidity, has recently diverged from the Nasdaq 100 index, foreshadowing a massive credit meltdown. The widespread adoption of AI will lead to 20% unemployment among white-collar knowledge workers, potentially triggering approximately $557 billion in consumer credit and mortgage defaults by US commercial banks. Hayes stated that even if Bitcoin falls from $126,000 to $60,000, the market will still face downward pressure if the Federal Reserve does not restart monetary expansion. He pointed out that if the Federal Reserve is forced to intervene due to the banking crisis, Maelstrom will deploy its excess stablecoin positions to ZEC and HYPE. He predicts HYPE will reach $150 in July, approximately five times its current level.