{"id":15473,"date":"2026-01-26T11:06:51","date_gmt":"2026-01-26T02:06:51","guid":{"rendered":"https:\/\/www.coinspeaker.com\/jp\/?p=15473"},"modified":"2026-01-26T11:06:51","modified_gmt":"2026-01-26T02:06:51","slug":"hayes-yen-surge-bullish-bitcoin-liquidity","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/jp\/hayes-yen-surge-bullish-bitcoin-liquidity\/","title":{"rendered":"\u5186\u6025\u9a30\u306f\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u306b\u300c\u5f37\u6c17\u300d\u6750\u6599\uff5c\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u6c0f\u5206\u6790"},"content":{"rendered":"

\u6697\u53f7\u8cc7\u7523\uff08\u4eee\u60f3\u901a\u8ca8\uff09\u53d6\u5f15\u6240BitMEX\u306e\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u5171\u540c\u5275\u8a2d\u8005\u306f24\u65e5\u3001\u65e5\u672c\u5186\u306e\u6025\u9a30\u304c\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\uff08BTC\uff09\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u5f37\u6c17\u306a\u30b7\u30b0\u30ca\u30eb\u306b\u306a\u308a\u5f97\u308b\u3068\u306e\u898b\u89e3\u3092\u793a\u3057\u305f\u3002<\/p>\n

FRB\u4ecb\u5165\u304cBTC\u4fa1\u683c\u306b\u8ffd\u3044\u98a8<\/h2>\n

\u30d8\u30a4\u30ba\u6c0f\u306f\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u65e5\u672c\u5186\u5e02\u5834\u306b\u4ecb\u5165\u3057\u305f\u5834\u5408\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\u4fa1\u683c<\/a>\u306b\u3068\u3063\u3066\u8ffd\u3044\u98a8\u306b\u306a\u308b\u3068\u5206\u6790\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u540c\u6c0f\u306b\u3088\u308b\u3068\u3001FRB\u304c\u30c9\u30eb\u3092\u5897\u5237\u3057\u3066\u5186\u3092\u8cfc\u5165\u3059\u308b\u3053\u3068\u3067\u70ba\u66ff\u4ecb\u5165\u3092\u884c\u3063\u305f\u5834\u5408\u3001\u5e02\u5834\u3078\u306e\u8cc7\u91d1\u4f9b\u7d66\uff08\u6d41\u52d5\u6027\uff09\u304c\u5897\u52a0\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n

\u3053\u308c\u306fFRB\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u4e0a\u3067\u300c\u5916\u8ca8\u5efa\u3066\u8cc7\u7523\u300d\u306e\u5897\u52a0\u3068\u3057\u3066\u73fe\u308c\u308b\u305f\u3081\u3001\u9031\u6b21\u5831\u544a\u66f8\u3067\u78ba\u8a8d\u3067\u304d\u308b\u3068\u3044\u3046\u3002<\/p>\n

\n

Very boolish if true for $BTC<\/a>. This assumes Fed prints $, creates banking reserves. $'s are then sold to buy yen. If the Fed is manipulating the yen, we will see its b\/s grow via the Foreign currency denominated assets line item which comes out weekly in the H.4.1 release. pic.twitter.com\/MrmWfGG1NR<\/a><\/p>\n

— Arthur Hayes (@CryptoHayes) January 23, 2026<\/a><\/p><\/blockquote>\n