Arthur Hayes: The financial market may experience a second shock, the problem of excessive leverage is about to emerge

Arthur Hayes posted on X stating that the first wave of shocks in the financial market has passed, and now we are waiting for issues to emerge from over-leveraged investors in traditional finance. He anticipates that the second wave of shocks is about to begin, implying that if a market rescue is needed, more adjustments may need to be made before this Friday. The current respite is only temporary; market volatility will continue.