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[Arthur Hayes: Maelstrom Fund Nearly Fully Invested, Minimal Stablecoin Holdings] Arthur Hayes wrote that his family crypto fund, Maelstrom, is entering 2026 with a nearly fully invested risk level and very low holdings of USD stablecoins. Idle cash will continue to be allocated to Bitcoin, while selling Bitcoin and Ethereum will fund positions in the privacy sector and the DeFi sector, respectively. He stated that, if chosen wisely, selected altcoins could perform well during periods of fiat credit expansion, and he plans to take profits when rising oil prices lead to a slowdown in credit creation, accumulating more Bitcoin and purchasing mETH.