Will Bitcoin Enter a Bull Run in 2026? Here’s Why Arthur Hayes Is Feeling Optimistic

Jakarta, Pintu News – BitMex founder Arthur Hayes believes that a Bitcoin price surge (bull run) will occur in 2026. This belief is based on the Federal Reserve’s policy which is expected to again add liquidity through the expansion of its balance sheet.

The move is believed to increase interest in riskier assets such as cryptocurrencies and stocks.

Arthur Hayes Hints at Potential Bitcoin Price Spike in 2026

In a recent post on the X platform, BitMex founder Arthur Hayes said that the price of Bitcoin (BTC) could potentially rally this year, fueled by improving macroeconomic conditions. He referred to a Bloomberg report that the value of the yen surged to its highest point since August.

Read also: Ethereum Price Weakens at $2,800 Today: Where Will ETH Go Next?

“This is very bullish for BTC, if true. It assumes that the Fed prints dollars, creates banking reserves, and then those dollars are sold to buy yen,” Hayes said.

He added that if the Fed is really manipulating the yen exchange rate, it will be reflected in the growth of its balance sheet through the “foreign currency denominated assets” item reported weekly in the H.4.1 release.

Hayes also highlighted reports that the New York Federal Reserve is checking the conversion of dollars to yen to support the Japanese currency. However, to date there has been no official intervention from the US Treasury.

Even so, Hayes said that a Bitcoin price rally is likely to occur if the policy is actually implemented, as it will have a direct impact on the crypto market.

This came after the Bank of Japan (BOJ) decided to keep interest rates unchanged last Friday, despite rumors of a possible rate hike. This decision kept the market stable after it was feared that it would experience turmoil.

According to a Bloomberg report, the Japanese yen rose about 1.75% to 155.63 per US dollar – the highest level since December – and this upward trend has been seen since the trading session in Asia that day.

In contrast to the initial prediction that the yen move would cause the BTC price to drop to $70,000, Hayes believes the opposite: if the Fed were to pursue this policy, it would support a surge in the Bitcoin price.

What Will Happen Next with BTC? Crypto Traders Betting

Despite the founder’s projections of a price rally, some traders have begun to forecast the next price eventuality. Data from Polymarket shows that a growing number of investors believe that Bitcoin’s price will first drop to $80,000 before rising again.

The current Bitcoin rally case is also not supported by large institutional activity. In just one day yesterday, the Bitcoin ETF recorded a net outflow of $104 million. This is the fifth consecutive day that the fund has been sold off. In the past week alone, more than $1.4 billion has exited the ETF.

This is a big reversal compared to the previous week’s performance, where BTC funds had recorded the best week since the market crash last October. At that time, experts started predicting a price rally as they saw strong momentum.

Read also: Dogecoin Price Weakens at $0.12 Today: Analyst Says DOGE Shows Signs of Breakout

Is Bitcoin Entering a Consolidation Phase?

Renowned market analyst, Ted Pillows, revealed that there is selling pressure on Bitcoin in various regions. In a post on the X platform, he mentioned that the United States, Asia, and Europe are actively selling their Bitcoin holdings.

This region-based selling pattern suggests that Bitcoin’s near-term price movements reflect more of a distribution phase, rather than new speculative demand.

In another post, Pillows said that Bitcoin is currently trading near critical liquidity levels, with very high trading activity occurring above and below the current price. He highlighted a sharp spike in liquidity in the $92,000 to $96,000 price range.

This kind of liquidity concentration is generally a sign of a consolidation phase. This means that price movements are influenced more by order-flow, rather than by the influx of new demand in the market.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinedition. Arthur Hayes: Bitcoin Very Bullish If Fed Expands Balance Sheet via Yen Support. Accessed on January 26, 2026
• Coingape. Is a Bitcoin Bull Run Possible in 2026? Here’s Why Arthur Hayes Thinks Yes. Accessed on January 26, 2026