According to CoinMeta, CoinShares research director James Butterfill stated that since the mid-July period when digital asset funds saw a cumulative inflow of $11.1 billion, the recent slowdown in inflows reflects uncertainty. The yield on U.S. 10-year Treasury bonds has risen above 5.3%, and the yield on 30-year Treasury bonds has reached 5.7%, both reaching levels not seen in over two decades. The probability of the Federal Reserve raising interest rates in October has dropped from 71% to 23%. He believes that the importance of the bond market may surpass that of the Federal Reserve, and any breakthrough for Bitcoin needs to be driven by fiscal logic.