{"id":25323,"date":"2025-11-26T00:03:06","date_gmt":"2025-11-25T15:03:06","guid":{"rendered":"https:\/\/icobench.com\/jp\/?p=25323"},"modified":"2025-11-26T00:03:06","modified_gmt":"2025-11-25T15:03:06","slug":"arthur-hayes-bitcoin-liquidity-fed-qt","status":"publish","type":"post","link":"https:\/\/icobench.com\/jp\/news\/arthur-hayes-bitcoin-liquidity-fed-qt\/","title":{"rendered":"\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u6c0f\u3001\u30d3\u30c3\u30c8\u30b3\u30a4\u30f38\u4e07\u30c9\u30eb\u7dad\u6301\u3092\u4e88\u60f3\uff5c\u6d41\u52d5\u6027\u6539\u5584\u3092\u6307\u6458"},"content":{"rendered":"
BitMEX\u306e\u30a2\u30fc\u30b5\u30fc\u30fb\u30d8\u30a4\u30ba\u5143CEO\u306f24\u65e5\u3001\u91d1\u878d\u5e02\u5834\u306e\u6d41\u52d5\u6027\u304c\u308f\u305a\u304b\u306b\u6539\u5584\u3057\u3066\u3044\u308b\u3068\u306e\u898b\u89e3\u3092\u793a\u3057\u305f\u3002<\/p>\n
\u30d8\u30a4\u30ba\u6c0f\u306f\u3001\u3053\u306e\u6539\u5584\u306e\u8981\u56e0\u3068\u3057\u3066\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff09\u304c\u91cf\u7684\u5f15\u304d\u7de0\u3081\uff08QT\uff09\u309212\u67081\u65e5\u306b\u7d42\u4e86\u3059\u308b\u6c7a\u5b9a\u3092\u4e0b\u3057\u305f\u3053\u3068\u3092\u6319\u3052\u3066\u3044\u308b\u3002<\/p>\n
\u540c\u6c0f\u306e\u5206\u6790\u306b\u3088\u308b\u3068\u3001\u7c73\u56fd\u306e\u9280\u884c\u306f11\u6708\u306b\u878d\u8cc7\u3092\u62e1\u5927\u3057\u3066\u304a\u308a\u3001\u91d1\u878d\u6a5f\u95a2\u304c\u4fe1\u7528\u4f9b\u4e0e\u3092\u884c\u3046\u6e96\u5099\u304c\u6574\u3044\u3064\u3064\u3042\u308b\u3068\u3044\u3046\u3002\u3053\u308c\u306f\u6d41\u52d5\u6027\u306e\u56de\u5fa9\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u5146\u5019\u3060\u3002<\/p>\n
\u6697\u53f7\u8cc7\u7523\uff08\u4eee\u60f3\u901a\u8ca8\uff09\u5e02\u5834\u3078\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3001\u30d8\u30a4\u30ba\u6c0f\u306f\u30d3\u30c3\u30c8\u30b3\u30a4\u30f3\uff08BTC\uff09\u304c9\u4e07\u30c9\u30eb\u3092\u4e0b\u56de\u308b\u6c34\u6e96\u3067\u63a8\u79fb\u3059\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n
\u4e00\u6642\u7684\u306b8\u4e07\u30c9\u30eb\u53f0\u524d\u534a\u307e\u3067\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u304c\u30018\u4e07\u30c9\u30eb\u306e\u30e9\u30a4\u30f3\u306f\u5f37\u529b\u306a\u30b5\u30dd\u30fc\u30c8\u3068\u3057\u3066\u6a5f\u80fd\u3059\u308b\u3068\u306e\u898b\u65b9\u3060\u3002<\/p>\n
\u540c\u6c0f\u306f\u3053\u308c\u3092\u5f31\u6c17\u30c8\u30ec\u30f3\u30c9\u306e\u59cb\u307e\u308a\u3067\u306f\u306a\u304f\u3001\u5065\u5168\u306a\u8abf\u6574\u3067\u3042\u308b\u3068\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3002<\/p>\n
\nminor improvements in $ liq:
\u2013 fed qt stops dec 1, this wed will prob be last fall in b\/s
\u2013 us banks increased lending in nov<\/p>\nwe chop below $90k, maybe one more stab down into low $80k's but i think $80k holds. might start nibbling, but leave the bazooka until the new year<\/p>\n
\u2014 Arthur Hayes (@CryptoHayes) November 24, 2025<\/a><\/p><\/blockquote>\n