BitMEX co-founder Arthur Hayes stated in a post that he believes the cryptocurrency market will reach its peak in mid to late March.The Federal Reserve's quantitative tightening (QT) will reduce liquidity by approximately $180 billion and inject an additional $237 billion in liquidity due to the reduction in RRP balances caused by the adjustment of incentive rates. A total net injection of $57 billion in liquidity.The Ministry of Finance may pay government spending through TGA until May to June, and then need to raise the debt ceiling, which will have a negative impact on liquidity. In addition, peak tax periods (such as mid April) will further suppress market liquidity.If the factor affecting TGA balance is the only factor determining cryptocurrency prices, then it is expected that there will be a local market peak by the end of the first quarter. In 2024, Bitcoin hit a local high of around $73000 in mid March, then went sideways and began a months long decline on April 11 (before the 15th tax deadline).It added that the disappointment of the Trump team with its proposed pro cryptocurrency and pro business legislation can be compensated for by an extremely positive environment for US dollar liquidity, with an increase of up to $612 billion in US dollar liquidity in the first quarter.He also stated, 'As the Chief Investment Officer of Maelstrom, I will encourage adventurers in the fund to shift their risk towards DEGEN. The first step in this direction is our decision to enter the thriving decentralized science (DeSci) junk currency field.'. We like undervalued junk coins and bought BIO; VITA； ATH； GROW； PSY； CRYO； NEURON。”