[Arthur Hayes: Closed High-Leverage Bitcoin-Related Positions Such as Strategy and Metaplanet] Foresight News reports that Arthur Hayes published an article titled 'Woomph,' analyzing that the recent continuous depreciation of the Japanese yen and the decline in Japanese government bond prices are triggering 'abnormal noises' in the global financial markets. He believes that the Federal Reserve and the U.S. Treasury may be forced to intervene directly in the yen exchange rate and the Japanese government bond market by expanding their balance sheets, thereby injecting new liquidity into the global fiat currency system. He stated, 'A stronger yen against the dollar leads to a drop in Bitcoin prices. I will not increase risk until it is confirmed that the Federal Reserve is printing money to intervene in the yen and Japanese government bond markets. If the foreign currency-denominated asset items on the Federal Reserve's balance sheet increase significantly, that will be a good time to accumulate Bitcoin.' Before the yen's volatility began, he had already closed high-leverage Bitcoin-related positions such as Strategy and Metaplanet; if his judgment is validated, he will re-enter the market. While waiting for policy clarity, his fund Maelstrom continues to increase its holdings in Zcash, while maintaining unchanged positions in other high-quality DeFi tokens. Once the Federal Reserve confirms balance sheet expansion intervention, he will consider increasing positions in DeFi assets such as ENA, ETHFI, PENDLE, and LDO.